Top Consumer Shares:
Consumer shares are mixed in pre-bell trading today.
Among consumer stocks in the news, FedEx (
) is up 2.3% at $113.20 as it reports Q1 EPS of $1.53, vs. the
analyst consensus of $1.50 per share on Capital IQ. Revenue was $11
billion, versus expectations of $11 billion.
FedEx reaffirmed its forecast of full-year earnings per share
growth of 7% to 13% from last year's adjusted results. This outlook
assumes the market outlook for fuel prices, U.S. GDP growth of 2.1%
and world GDP growth of 2.6%. The capital spending forecast for
fiscal 2014 remains $4 billion.
FedEx Express will increase shipping rates by an average of 3.9%
for U.S. domestic, U.S. export and U.S. import services effective
January 6, 2014.
And, General Mills (
) shares are up 0.6% as it reports Q1 sales of $4.37 billion, vs.
the analyst consensus of $4.29 billion on Capital IQ. EPS was
$0.70, in line with expectations.
The company reaffirmed its full-year fiscal 2014 guidance of low
single-digit growth in net sales, mid single-digit growth in
segment operating profit, and adjusted diluted EPS of $2.87 to
Finally, Cracker Barrel (
) shares are up 0.1% as it reports total revenue of $674.1 million
for Q4 2013, representing an increase of 3.9% over Q4 of the prior
year adjusted for the impact of the additional week.
Earnings were $1.43 per share, down from $1.47 per share a year
prior. Analysts expected $1.35 per share on $669 million for
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.