Sector Update: Consumer

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Consumer stocks were higher Friday with shares of consumer staples companies in the S&P 500 adding about 0.5%. Shares of consumer discretionary firms in the S&P 500 were ahead about 0.4% this afternoon.

In company news, shares of Weight Watchers International Inc. ( WTW ) tumbled to their lowest price in nearly five years Friday after the weight-loss and lifestyles company reported Q4 adjusted earnings that missed analyst projections and guided per-share earnings for the current year also trailing Wall Street expectations, saying 2014 will be a "very challenging year."

WTW earned $0.54 per share during the three months ended Dec. 31, 2013, lagging the Capital IQ consensus by $0.07 per share. Revenue declined 7.9% year over year to $366.1 million, topping estimates by around $8.1 million.

For 2014, WTW is expecting earnings in a range of $1.30 to $1.60 per share, trailing estimates by at least $1.18 per share.

Shares were down nearly 26% at $22.68 apiece in recent trade, sliding as low as $22.35 a share to reach their cheapest price since April 2009. Rival Nutrisystem ( NTRI ) also started lower Friday but turned higher by late morning, recently climbing about 0.6% to $15.00 a share.

In other sector news,

(+) SANW, (+4.4%) GAAP EPS of $0.01 in fiscal Q2 tops Street view expecting $0.01 per share net loss. Revenue slips 16.1% from last year to $11.5 million, trailing estimates by $100,000. Outlook for Q3, FY14 revenue both lag analyst consensus.

(-) GNC, (-13.0%) Q4 earnings of $0.63 per share, ex items, misses by $0.02. Revenue climbs 8.6% over year-ago levels to $613.7 mln, trailing consensus view by $18.2 mln. Sees FY14 EPS of $3.18 to $3.24, ex items, lagging expectations by $0.20 per share.



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: WTW , NTRI

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