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Consumer Sector Update for 02/12/2018: ULTA,AMZN,NSP,QSR


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Top Consumer Stocks

WMT +0.37%

MCD +2.40%

DIS +0.33%

CVS +0.97%

KO +2.16%

Consumer stocks were mostly higher today, with shares of consumer staples companies in the S&P 500 posting a more than 1.2% advance this afternoon while shares of consumer discretionary firms in the S&P 500 were adding over 1.6% in value.

Among consumer stocks moving on news:

- Ulta Beauty ( ULTA ) fell over 6% on Monday, sinking to a session low of $204.75 a share after Women's Wear Daily late Friday reported the cosmetics company is the defendant in a class-action lawsuit alleging it was reselling used and returned products at full price. The accusations originally were posted on social media by a former employee while the complaint claims "dozens of other current and former Ulta employees from retail locations all over the country confirmed that substantially similar practices also occurred at the Ulta stores where they worked." An spokeswoman said Ulta plans on "vigorously" defending itself against the allegations.

In other sector news:

+ Insperity ( NSP ) rose Monday after the workforce optimization and synchronization reported adjusted Q4 net income of $0.55 per share, exceeding the Capital IQ consensus by $0.08 per share. Revenues grew to $826.5 million from $729.1 million during the year-ago period and also beating the $813.3 million analyst mean. Guides adjusted Q1 and FY18 per-share earnings above Street view.

+ Amazon.com ( AMZN ) gained Monday, adding almost 4% in value to reach a session high of $1,386.99 a share, following reports the online retailer paid about $90 million to acquire the maker of Blink home security cameras last year. The company is now exploring how to source chips exclusive to Blink in a bid to reduce production costs and lengthen battery life, according to Reuters, citing unnamed people with knowledge of the matter.

- Restaurant Brands ( QSR ) was higher Monday despite mixed Q4 financial results, including adjusted EPS of $0.66, topping the $0.57 per share consensus. Revenue grew to $1.23 billion from $1.11 billion last year but missed the $1.25 billion mean estimate.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Business , Commodities
Referenced Symbols: ULTA , NSP , AMZN , QSR


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