Sector Update: Narrow Losses for Consumer Stocks; Jamba Juice Meets With Q2 Results


Shutterstock photo

Top Consumer Stocks

WMT -0.64%

MCD -0.22%

DIS -0.76%

CVS +0.25%

KO -0.20%

Consumer stocks were slightly lower Tuesday afternoon with shares of consumer staples companies in the S&P 500 slipping about 0.1%. Shares of consumer discretionary firms in the S&P 500 were down about 0.2%.

In company news, Jamba ( JMBA ) rose Tuesday after the juice retailer late yesterday reported Q2 earnings and revenue matching analyst estimates.

The company earned $0.36 per share during the quarter, unchanged from year-ago levels, while revenue declined 5.4% year over year to $6.4 million, both in-line with the Capital IQ consensus for the period.

Looking forward to FY14, JMBA is expecting same-store sales growth in a range of 2% to 4% at its company-owned locations open at least one year.

JMBA shares were ahead nearly 11% in recent trade at $13.46 apiece, earlier climbing to a session high of $13.65 a share. The stock has traded within a 52-week range of $9.58 to $15.81 a share, sliding about 15.5% in value over the past 12 months.

In other sector news,

(+) CHGG, (+17.2%) Forms strategic alliance with Ingram Content Group, the world's largest distributor of books. Break-even Q2 on 15.5% revenue growth to $64.5 mln beats by $0.01 per share. Guides Q3 revenue in-line; FY14 revenue below consensus.

(-) SALE, (-26.3%) Earns $0.08 per share during Q2, trailing Capital IQ consensus by $0.10 per share. Revenue rose 37.1% year over year to $59.5 mln, lagging estimates by around $730,000.

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

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities
Follow on:

Find a Credit Card

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