Sector Update: Consumer

By Staff,

Shutterstock photo

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.

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 , SFXE

More from MT Newswires


MT Newswires

MT Newswires

Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by