Sector Update: Consumer Shares Mixed Pre-Market; Dean Foods Drops 7% on Earnings Disappointment

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TTop Consumer Shares:

WMT: flat

MCD: +0.24%

DIS: +0.05%

CVS: flat

KO: -0.32%

GE: flat

Consumer shares were generally mixed in pre-market trade Thursday.

In consumer sector news, Tandy Leather Factory, Inc. ( TLF ) said April sales rose 2% as gains in domestic sales outweighed a drop in both international and wholesale businesses.

April sales were $7.4 million. Year to date sales are up 3% to $27.4 million in the current year from $26.6 million last year.

Wholesale Leathercraft posted sales of $2.4 million for April, down 2%, while International Leathercraft reported April sales of $334,000, down 17%. The domestic business had a gain of 6% to $4.6 million.

And, Priceline.com ( PCLN ) reported adjusted Q1 EPS of $7.81, better than the analyst consensus of $6.92 per share on Capital IQ. Revenue was $1.64 billion, ahead of the Street view of $1.63 billion.

For Q2, the company is guiding for EPS of $11.22-$12.02 on an adjusted basis, vs. expectations of $12.27. Revenue is seen up 19% to 29%.

Finally, Dean Foods ( DF ) was down about 7% after it reported Q1 revenue of $2.3 billion, which beat estimates, and a loss of $0.05 per share, which was well short of the $0.01 per share the Street expected.



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: TLF , PCLN , DF

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