Top Consumer Shares:
Consumer shares were generally flat to lower in pre-market trade
In consumer sector news, Kate Spade & Company (
) 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.
) 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 (
) 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.