Sector Update: Consumer

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Consumer shares were generally higher in pre-market trade Thursday.

In consumer sector news, lululemon ( LULU ), an athletic apparel retailer, reported Q4 revenue of $521 million, better than the analyst consensus of $515 million on Capital IQ.

EPS was $0.75, ahead of expectations of $0.72 per share. Comparable stores sales for Q4 decreased by 2% on a constant dollar basis. Total comparable sales, including comparable stores and direct to consumer, increased 4% for Q4 on a constant dollar basis.

And in other consumer news, SFX Entertainment ( SFXE ) reported a Q4 loss but said the number of festivals it has booked so far for 2014 is up by 20% from 2013.

The producer of live events and digital entertainment content said its Q4 net loss was $39.2 million or $0.48 per share on revenue of $84.2 million. As the results represented performance since the company's initial public offering it didn't provide year-earlier results. No analyst estimates were available for comparison.



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This article appears in: Investing , Commodities

Referenced Stocks: LULU , SFXE

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