Sector Update: Consumers Shares Mixed Pre-Market; Macy's Q1 Earnigns Top Street View

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Top Consumer Shares:

WMT: -0.18%

MCD: flat

DIS: flat

CVS: flat

KO: -0.10%

GE: -0.26%

Consumer shares were generally flat to lower in pre-market trade Wednesday.

In consumer sector news, Kate Spade & Company ( KATE ) has reported adjusted loss per share from continuing operations of $0.06, down from $0.16 in Q1 2013, but wider than analyst estimates of a loss of $0.04 per share. Total sales of $328.09 million were up from $245.68 million in Q1 2013, beating analyst projections of $201.85 million.

The company has reaffirmed full year 2014 adjusted EBITDA guidance of $115 million - $125 million. Shares of KATE are at $34.65 with a 52-week range of $19.90 - $40.75.

Macy's ( M ) reported earnings of $0.60 per share, which beat estimates, and revenue of $6.28 billion, which fell short.

Looking forward to FY 2014, Macy's expects sales growth in the range of 2.5% to 3%, and it reiterated its EPS guidance of $4.40 to $4.50. The Street is at $4.49 per share.

Finally, SodaStream ( SODA ) reported Q1 revenue of $118.2 million, up slightly from $117.6 million in Q1 last year. Earnings were $0.08 per share, a sharp drop from the $0.57 per share posted in last year's quarter. The results were ahead of the Street consensus of $117.9 million in revenue and earnings of $0.03 per share.

Gross margin for Q1 was 52.3% compared to 54.5% for the same period in 2013. The decline was primarily due to unfavorable changes in foreign currency exchange rates and increased share of higher-cost soda makers in the sales mix, which was partially offset by a higher share of CO2 refills in product mix.



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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This article appears in: Investing , Commodities

Referenced Stocks: KATE , M , SODA

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