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

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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.

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This article appears in: Investing , Commodities

Referenced Stocks: HELE

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