Sector Update: Consumer

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Consumer stocks are mixed, with shares of consumer staples companies in the S&P 500 just narrowly lower after positive earnings by several consumer-products company. Shares of consumer discretionary firms in the S&P 500 are sharply lower, falling about 1.3%.

In company news, shares of Procter & Gamble ( PG ) rose Friday after the consumer products conglomerate reported fiscal Q2 earnings that beat analyst expectations and reaffirmed its FY14 outlook for per-share earnings and revenue.

PG earned $1.21 per share during the three months ended Dec. 31, 2013, $0.01 better than the Capital IQ consensus. Revenue climbed 0.5% year over year to $22.28 billion, roughly in-line with the $22.36 billion analysts had modeled.

The company also said it continues to see its per-share earnings for the current fiscal year ending in June to rise 5% to 7% over year-ago levels to $4.25 to $4.33 per share, straddling the $4.27 analyst mean.

It also sees revenue growing 1% to 2% to around $85.01 billion to $85.85 billion, narrowly managing to keep the $85.84 billion analyst consensus within range. The company also continues to forecast organic sales growth of between 3% to 4%.

PG shares were up 2.7% at $80.36 each in recent trade, climbing as high as $81.70 a share during the first hour of Friday's session. The stock has a 52-week range of $71.75 to $85.82 a share.

In other sector news,

(+) SBUX, (+2.9%) Q1 EPS of $0.71 beats expectations by $0.02 per share. Revenue climbs year over year to $4.23 bln, roughly in-line with estimates. Global same-store sales rose 5%, driven by a 4% increase in traffic. Guides Q2, Q3 earnings below consensus but projected FY14 EPS matches Street view.

(-) CST, (-3.7%) Sees Q4 daily U.S., Canadian motor fuel volume at the low end of forecast range looking for 4,850 to 4,950 gallons per site. Merchandise sales also seen at bottom of guidance expecting $3,250 to $3,350 per site per day.



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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Referenced Stocks: PG

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