Top Consumer Stocks
Consumer stocks were lower with shares of consumer staples
companies in the S&P 500 giving up relative strength earlier in
the session to trade about 0.7% lower just before the close. Shares
of consumer discretionary firms in the S&P 500 are sharply
lower, falling about 1.8%.
In company news, Kimberly-Clark (
) was higher Friday after posting Q4 earnings that beat analyst
The consumer-products conglomerate, known for its Huggies and
Depends disposable diapers brands among the hundreds of paper
towels, tissues and other kitchen and bathroom paper products,
posted adjusted earnings of $1.44 per share in Q4, beating the
Capital IQ consensus call by $0.05.
Revenue was unchanged from year-ago levels at $5.3 billion,
in-line with estimates. The company said organic sales rose 5%.
Adjusted operating profit also grew 5% over the same quarter last
year to $836 million.
Looking forward to FY14, KMB is expecting adjusted earning of
$6.00 to $6.20 a share on $20.94 billion to $21.58 billion in
revenue, representing as much as 2% growth over last year. The
Street is looking for a $6.10 per share gain on $21.67 billion in
revenue this year.
In other sector news,
(+) SBUX, Q1 EPS of $0.71 beats expectations by $0.02 per share.
Revenue climbs 11.8 year over year to $4.23 bln, roughly in-line
with estimates. Global same-store sales rose 5%, driven by a 4%
increase in traffic. Guides Q2, Q3 earnings below consensus but
projected FY14 EPS matches Street view.
(-) CST, Sees Q4 daily U.S., Canadian motor fuel volume at the
low end of forecast range looking for 4,850 to 4,950 gallons per
site. Merchandise sales also seen at bottom of guidance expecting
$3,250 to $3,350 per site per day.