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