Sector Update: Consumer

By Staff,

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Consumer shares are mixed in pre-bell trading.

Lululemon ( LULU ) shares are down 8% at $63.80 in pre-market trade. The company reports Q2 revenue of $344.5 million, vs. the analyst consensus of $343.9 million on Capital IQ. EPS was $0.39, vs. expectations of $0.35 per share.

For Q3, the company guides for revenue of $370 to $375 million and EPS of $0.39 to $0.41, vs. the Street view of $390 million in revenue and earnings of $0.44 per share. For FY 2013, the company expects revenue of $1.625 to $1.635 billion and EPS of $1.94 to $1.97. The Street is at $1.666 billion in revenue and earnings of $1.99 per share.

And Men's Wearhouse ( MW ) is down 14% pre-market as it reports Q2 adjusted earnings of $1.01 per diluted share, ex one-time items, versus the Capital IQ consensus of $1.14. Revenues were $647.3 million, missing the analyst estimate of $671.04 million.

In the same period last year, the company reported adjusted EPS of $1.15 on revenues of $662.3 million.

The company also lowered its FY14 EPS guidance to $2.40 - $2.50 EPS. It also lowered its comp store growth assumptions by approximately 2% at Men's Wearhouse and Moores. Analysts are looking for EPS of $2.77.

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: LULU , MW

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