Sector Update: Consumer

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Consumer shares are mixed in pre-bell trading as investors absorb data from Cyber Monday sales.

Full-service restaurant company Bob Evans Farms Inc. ( BOBE ) is down 6% pre-market after it reported late Tuesday its financial results for Q2 2014. It also provided updated earnings guidance for fiscal 2014, which now incorporates accretion from expected impact of share repurchases.

Non-GAAP net income was $9.5 million, or $0.35 per share, on net sales of $332.6 million. Analysts polled by Capital IQ had expected earnings of $0.55 per share on revenues of $339 million.

And, Sears ( SHLD ) is down in pre-bell trade following reports that CEO Eddie Lampert cut his stake in the company to 48.4% from 55.4%.

Finally, Express Inc. ( EXPR ) shares are down 19% now at $20.00 after it said its Q3 diluted earnings rose to $0.23 per share from $0.20 the year earlier, slightly shy of the $0.25 average Capital IQ analyst estimate. Sales rose 7% to $503 million, coming in just ahead of the $500 million consensus estimate.



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This article appears in: Investing , Commodities

Referenced Stocks: BOBE , EXPR , SHLD

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