Consumer stocks are mixed in late trade today with shares of
consumer staple companies in the S&P 500 rising 0.3% while
shares of consumer discretionary stocks in the S&P are down
In company news, Sears Hometown and Outlet (
) is down over 17% at $32.34 a share after earlier today reporting
Q2 net income of $0.40 on around $656.9 million in revenue, up
about 2% from the year-ago period.
Same-store sales company-wide rose 1.4% year over year, sales at
its namesake Hometown stores open at least one year falling 0.4%
from the year-ago quarter offset by an 8.2% increase at its Sears
Outlet location. Sales of lawn and garden equipment along with home
appliances increased while consumer-electronics sales tumbled over
50% following the company's exit from most aspects of that
Also today, SHOS authorized a $25-million buyback program of its
In other sector news,
(+) DIAL, Agrees to be acquired by Cumulus Media (
) for $260 mln. In related move, CMLS will sell 52 stations to
Townsquare Media for $238 mln in cash as well as swapping 15 of its
stations for five stations all in Fresno, Calif. CLMS also is
(-) KKD, Q2 earnings of $0.14 per share, ex items, miss by
$0.02. Revenue rises 10.4% year over year to $112.7 mln, topping
estimates by $580,000. The doughnut chain reaffirms FY13 and FY14
EPS guidance, both trailing expectations by at least $0.01.
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