Sector Update: Consumer Shares Mixed Pre-Bell; Lululemon Sinks 8% on Guidance

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Top Consumer Shares:

WMT: flat

MCD: -0.19%

DIS: +0.17%

CVS: flat

KO: -0.46%

GE: +0.08%

Consumer shares are mixed in pre-bell trading.

Lululemon ( LULU ) 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 ( MW ) 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.



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: LULU , MW

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