Top Consumer Shares:
Consumer shares are generally lower in pre-bell trading. Among
them, shares in Walt Disney Co. (
) are down 1.9% in pre-market trading after analysts at Goldman
Sachs downgraded their rating to Neutral from Conviction Buy. The
firm maintained a price target of $70. The shares are trading in a
year's range of $46.53 - $67.89.
In consumer earnings news, Pier 1 Imports (
) reports Q1 EPS of $0.19, in line with the analyst consensus on
Capital IQ. Sales were $394.8 million, matching expectations. For
FY 2014, the company expects comp store sales growth in the
mid-single-digit range and EPS of $1.27 to $1.32, up from prior
guidance of $1.26 to $1.31 per share. The analyst view is $1.32 per
share. PIR is up 0.04% in pre-market trade.
Also, Rite Aid (
) Rite Aid (
) reports Q1 net income of $0.09 per share, versus a $0.03 loss per
share a year prior. Revenues were $6.3 billion. Same store sales
for the quarter decreased 2.5 percent over the prior year.
Analysts were calling for $0.10 per share in earnings on $6.3
billion in revenue in Q1, compared to a $0.03 per share loss on
$6.5 billion in revenue a year prior. RAD is down 3.5% at
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