Sector Update: Consumer Shares Mixed Pre-Market; Foot Locker up 3% on Q1 Earnings

By
A A A

Top Consumer Shares:

WMT: flat

MCD: -0.11%

DIS: -0.04%

CVS: flat

KO: flat

GE: +0.08%

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

In consumer sector news, Foot Locker ( FL ) shares were up 3% pre-market after it reported fiscal Q1 earnings and sales that exceeded analysts' estimates.

The athletic retailer said non-GAAP earnings in the quarter ended May 3 rose to $1.11 per share from $0.91 the year earlier, exceeding the $1.06 average estimate from analysts polled by Capital IQ. Sales rose 14% $1.87 billion compared to the $1.8 billion consensus estimate.

Reported net income rose to $162 million or $1.10 per diluted share from $138 million or $0.90 the year earlier and comparable store sales rose 7.6%.

And, Orbitz Worldwide ( OWW ) was up 7% in recent pre-market trading on Friday after announcing late on Thursday the pricing of an underwritten public offering of 7.5 million common shares held by an affiliate of Travelport Limited at $6.60 each.

The online travel company will not receive any proceeds from the offering.

OWW closed at $6.92 Thursday, in a 52-week range of $6.40 - $13.26.

And, Hibbett Sport ( HIBB ) shares were up more than 4% Friday after it reported $28.4 million, or $1.09 per diluted share, in net income for Q1 2015, up from a net income of $26.2 million, or $1 per diluted share, in the comparable period last year. The average estimate by 15 analysts is for $1.09, according to Capital IQ.

Net sales increased 9.1% to $261.9 million during the quarter, with comparable store sales up 4.1%.



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.

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


This article appears in: Investing , Commodities

Referenced Stocks: FL , OWW , HIBB

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

WSJ’s House of the Week
WSJ’s House of the Week             

Stocks

Referenced

Most Active by Volume

58,707,995
  • $25.98 ▼ 1.81%
55,057,148
  • $15.52 ▲ 0.19%
48,580,535
  • $69.40 ▲ 1.43%
48,253,528
  • $28.33 ▲ 5.00%
37,923,248
  • $93.939 ▼ 0.52%
37,174,627
  • $44.835 ▲ 0.32%
32,656,684
  • $3.78 ▼ 1.31%
31,770,654
  • $34.06 ▲ 1.07%
As of 7/21/2014, 04:08 PM