Top Consumer Stocks
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
In company news, housewares and personal care products company
Helen of Troy Ltd. (
) 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
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
(-) 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.
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