Sector Update: Consumer Shares Higher Pre-Market; New York Times Rejiggers Payment Plan

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Top Consumer Shares:

WMT: flat

MCD: +0.36%

DIS: +0.57%

CVS: +0.75%

KO: +0.21%

GE: +0.39%

Consumer shares were generally higher in pre-market trade Wednesday.

In consumer sector news, Francesca's Holdings ( FRAN ) Q4 results fell short of analysts' expectations.

Francesca's Holdings reported Q4 adjusted diluted earnings per share were $0.27 and net sales increased 6% to $92.1 million.

The Street expected $0.28 per share in earnings on $94.5 million in revenue, according to Capital IQ estimates.

For Q1 2014, net sales are expected to be between $85 million and $90 million assuming a high to low single digit decrease in comparable sales, which includes our direct-to-consumer business. That's short of the $92 million the Street expects.

And, The New York Times ( NYT ) said it will introduce two new types of subscriptions featuring either reduced content or premium access starting April 2.

The new NYT Now is for readers that want more content currently available for free but at a lower price than the full report at $8 every four weeks. The Times Premier will offer the highest level of access with "behind-the-scenes access and exclusive benefits," as well as All Digital Access for $45 every four weeks or $10 extra every four weeks for home delivery subscribers.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: FRAN , NYT

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