Sector Update: Consumer

By Staff,

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Consumer shares are flat to higher in pre-bell trading. Five Below ( FIVE ) shares are up 13% in pre-bell trade after it reported net sales increased by 34.9% to $117.1 million from $86.8 million in Q2 2012; comparable store sales increased by 6.6%. Adjusted net income was $0.11, compared to $0.04 in Q2 2012.

Analysts expected Five Below to report $0.09 per share in earnings for Q2 and revenue of $112.7 million, according to Capital IQ.

And, Crocs ( CROX ) share are down 5% off a trading halt as it says it now sees Q3 sales between $285 million and $295 million, below the Thomson Reuters mean for $305.08 million. It cut its GAAP EPS outlook to $0.15 and $0.18 from $0.20 and $0.23.

Finally, McDonald's ( MCD ) shares are up 1% in morning trade as it reports global sales increased 2% in August, topping estimates.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: CROX , FIVE , MCD

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