Top Consumer Stocks
Consumer stocks were slightly higher Tuesday afternoon, with shares of consumer staples companies in the S&P 500 climbing just over 0.13% in afternoon trading while shares of consumer discretionary firms in the S&P 500 also were posting a nearly 0.1% gain.
In industry news:
Same-store sales at 20 of the largest US chain retailers, discounters and department stores climbed 2.8% during the seven days ended Feb. 10 compared with the same week last year and easing 0.2 percentage points from the prior-week period, according to the weekly Redbook survey. Month-to-date sales also were down 1.1% from the the first 10 days in January and falling 0.4 percentage points for a 2.8% year-over-year advance, with both metrics showing their weakest growth since Nov. 11. Overall, sales growth has slowed during each of the past three weeks.
Among consumer stocks moving on news:
+ Blue Apron Holdings ( APRN ) was serving up tasty gains for investors, Tuesday rising over 25% to a session high of $4.19 a share, after the dinner home-delivery company reported a Q4 net loss of $0.20 per share during the October-to-December period, nearly halving its $0.39 per share loss during the same quarter last year and beating the Capital IQ consensus expecting a $0.25 per share net loss. Revenue fell to $187.7 million from $215.9 million last year but still topped the $186.1 million Street view.
In other sector news:
+ Under Armour (UA,UAA) rallied Tuesday after the sportswear company reported Q4 sales topping analyst projections, supported by rising sales of clothing and footwear. Net sales rose 5% year over year to $1.37 billion, beating the Capital IQ consensus by around $40 million. Excluding one-time items, it earned $0.00 per share, matching Street estimates.
- Cott (COT,BCB.TO) advanced after the soft-drink bottler late Monday announced a $35 million acquisition of Crystal Rock Holdings ( CRVP ), paying 97 cents for each Crystal Rock share, a 19.8% premium over the most recent closing price for the 100-year-old office water and coffee delivery company serving customers throughout New York and New England. The deal should close before the end of March.