Sector Update: Consumer Shares Lower Pre-Market; Tiffany Up 2% on Q2 Results

By Staff,

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Top Consumer Shares:

WMT: -0.12%

MCD: -0.33%

DIS: -0.31%

CVS: flat

KO: -0.21%

GE: -0.38%

Consumer shares are lower in pre-bell trading. But bucking the declines, Tiffany ( TIF ) shares are up 2% at $83.35 as it reports Q2 sales of $926 million and EPS of $0.83, versus the analyst consensus on Cap IQ of $942 million in sales and earnings of $0.74 per share.

For the fiscal year ending January 31, 2014, management now forecasts net earnings in a range of $3.50-$3.60 per diluted share, compared with $3.43-$3.53 per diluted share in its previous outlook and $3.25 per diluted share in 2012. The Street is at $3.54 per share.

And, Starbucks' ( SBUX ) Evolution Fresh, a cold-pressed juice, along with a selection from the new Evolution Harvest line of premium snacks is launching in Whole Foods Market ( WFM ) today. SBUX is up 0.17%.

The expansion advances Evolution Fresh growth plans to be in approximately 8,000 Starbucks and grocery locations by the end of the year.

Finally, Sanderson Farms, Inc. ( SAFM ) reported Q3 2013 net income of $67.9 million, or $2.95 per share, on revenues of $739 million. Analysts polled by Capital IQ expected EPS of $2.61 and revenues of $736 million.

In the prior-year period, net income was $28.7 million, or $1.25 per share, on revenues of $624.9 million. SAFM is up 1.5% at $70.86.

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: SAFM , SBUX , TIF , WFM

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