Top Consumer Shares:
Consumer shares are mixed in pre-bell trading.
) shares are down 8% at $63.80 in pre-market trade. The company
reports Q2 revenue of $344.5 million, vs. the analyst consensus of
$343.9 million on Capital IQ. EPS was $0.39, vs. expectations of
$0.35 per share.
For Q3, the company guides for revenue of $370 to $375 million
and EPS of $0.39 to $0.41, vs. the Street view of $390 million in
revenue and earnings of $0.44 per share. For FY 2013, the company
expects revenue of $1.625 to $1.635 billion and EPS of $1.94 to
$1.97. The Street is at $1.666 billion in revenue and earnings of
$1.99 per share.
And Men's Wearhouse (
) is down 14% pre-market as it reports Q2 adjusted earnings of
$1.01 per diluted share, ex one-time items, versus the Capital IQ
consensus of $1.14. Revenues were $647.3 million, missing the
analyst estimate of $671.04 million.
In the same period last year, the company reported adjusted EPS
of $1.15 on revenues of $662.3 million.
The company also lowered its FY14 EPS guidance to $2.40 - $2.50
EPS. It also lowered its comp store growth assumptions by
approximately 2% at Men's Wearhouse and Moores. Analysts are
looking for EPS of $2.77.
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.