Top Consumer Stocks
Consumer stocks were slightly weaker Thursday with shares of
consumer staples companies in the S&P 500 losing around 0.1% as
a group. Shares of consumer discretionary firms in the S&P 500
were down about 0.2%.
In company news, Gordmans Stores (
) was falling after the department store retailer reported results
for its fiscal Q2 ended Aug. 2 trailing analyst estimates, as well
as forecasting a net loss during the current quarter compared with
Wall Street expectations for a small quarterly profit.
Shares recently were down nearly 10% at $3.57 apiece, climbing
off a $3.52 session low. The stock has traded within a 52-week
range of $3.06 to $14.35 a share, sliding over 71% over the past 12
The company posted a net loss of $3.2 million, or $0.16 per
share, reversing a $900,000 profit during the same quarter last
year and a penny wider than the Capital IQ consensus for per-share
earnings. The quarterly results include around $1.34 million, or
about $0.03 per share, in interest costs, GMAN said.
Net sales rose 3.1% over year-ago levels to $141.0 million,
lagging the Street view by around $2.88 million. Sales at stores
open 12 months or more fell 6.8% compared with last year's
For the current quarter ending in November, the company is
forecasting net sales in a range of $150 million to $153 million,
trailing estimates by at least $5.79 million. It is projecting a Q3
net loss of $0.07 to $0.11 per share, including about $0.03 in
expected interest expense. Analysts, whose estimates typically
exclude extraordinary items, are looking for a $0.02 per share
adjusted profit during the quarter.
In other sector news,
(+) SGOC, (+73.3%) Announces new on-line sales platform on
) to accelerate delivery of high-quality service and products.
(-) WSM, (-11.1%) Offers weak Q3, FY14 outlooks. Q3 EPS forecast
and FY14 earnings guidance both lag consensus view by at least
$0.03 per share. Projected revenue for both periods were in-line
with estimates. Q2 revenue trailed Street by $10 mln.
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