Sector Update: Consumer Shares Higher Pre-Market; Walgreen's Earnings Rise 16% Year-Over-Year

By Staff,

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Top Consumer Shares:

WMT: flat

MCD: +0.20%

DIS: +0.05%

CVS: flat

KO: +0.18%

GE: +0.13%

Consumer shares are higher in pre-bell trading while Walgreen ( WAG ) is reporting sales increased year-over-year.

Walgreen reports Q4 EPS of $0.73, up nearly 16% from $0.63 per share posted in the year ago quarter. Sales were $17.4 bln, up 5.1% from prior year levels.

And, Wal-Mart Stores, Inc. ( WMT ) announced two new centers dedicated to filling online orders, including one in Texas and one in Pennsylvania.

The new center based in Fort Worth, Texas, is 800,000 sq. ft. and will have 275 full-time positions. It began shipping orders last week. The Bethlehem, Pa. operation will be more than one million sq. ft. and will ultimately employ more than 350 full-time associates. It is scheduled to open in Q1 of next year.

WMT last traded at $73.96, within a 52-week range of $67.37 - $79.96.

Finally, Republic Airways Holdings ( RJET ) said it has agreed to sell its Frontier Airlines unit to an affiliate of Indigo Partners in an all-cash transaction worth $145 million.

Under a separate agreement, Republic will assign to Frontier all of its rights under agreements relating to its Airbus A320neo order in exchange for reimbursement of pre-delivery deposits, which total $32 million.

Republic is unchanged pre-market, but near the top of its 52-week range of $4.41 - $13.92.

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

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: RJET , WAG , WMT

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