Sector Update: Consumer Stocks Narrowly Mixed; Helen of Troy Tumbles After Cutting Q2, FY15 Forecasts


Top Consumer Stocks

WMT +0.50%

MCD +0.40%

DIS -0.08%

CVS +0.63%

KO +0.18%

Consumer stocks were mixed Wednesday with shares of consumer staples companies in the S&P 500 rising less than 0.1%. Shares of consumer discretionary firms in the S&P 500 were down almost 0.3%.

In company news, housewares and personal care products company Helen of Troy Ltd. ( HELE ) was plunging today after late Tuesday reducing its FY15 outlook, citing recent retail weakness.

HELE shares were down over 10% at $53.05 each in mid-day trade, earlier slumping to an intra-day low of $51.81 a share. The stock has traded within a 52-week range of $39.88 a share, rising slightly more than 47% over the past 12 months prior to the start of today's trading.

The company last night cut its forecast for per-share earnings for the 12 months ending next February by $0.60 from its prior guidance, now expecting EPS in a range of $3.70 to $3.80 a share, trailing analyst estimates by at least $0.83 per share.

Including results from its recently acquired Healthy Directions unit, HELE also is expecting between $1.38 billion to $1.4 billion in sales during the current fiscal year, in-line with the Capital IQ consensus looking for $1.39 billion in FY15 revenue.

For its Q2 ended last month, the company is expecting net income in a range of $0.58 to $0.61 per share on between $291 million to $294 million in sales, excluding any contribution from Healthy Directions. Analysts, on average, are expecting the company to post adjusted EPS of $0.85 per share on around $317.55 million in sales.

HELE will report its Q2 financial results during the week beginning Oct. 6.

In other sector news,

(+) BTH, (+30.1%) ViSalus founders agree to acquire majority stake of the weight-loss and fitness company from BTH, which now owns an 80.9% ViSalus stake and will retain a 10% stake following the transaction.

(-) VNCE, (-11.4%) Q2 adjusted EPS of $0.28 beats by $0.04. Revenue rises 20.2% year over year to $89.3 mln, topping Street view by around $5.38 mln. Projected adjusted FY14 net income of $0.90 to $0.94 per share straddles $0.92 consensus.

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 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

Referenced Stocks: HELE

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos



Most Active by Volume

  • $18.16 ▲ 1.57%
  • $31.24 ▼ 14.50%
  • $15.21 ▲ 3.61%
  • $26 ▼ 0.65%
  • $96.99 ▲ 1.78%
  • $35.76 ▲ 1.16%
  • $19.87 ▲ 0.61%
  • $46.29 ▲ 2.10%
As of 7/29/2015, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by