Consumer Sector Update for 03/13/2018: DWS,JBLU,DKS

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Top Consumer Stocks

WMT +0.16%

MCD +1.13%

DIS -0.76%

CVS -0.54%

KO +0.13%

Consumer stocks were little changed Tuesday, with shares of consumer staples companies in the S&P 500 sinking less than 0.1% in afternoon trading while shares of consumer discretionary firms in the S&P 500 also were falling less than 0.1%.

Among consumer stocks moving on news:

+ DSW ( DSW ) rallied Tuesday, rising almost 12% to a session high of $21.90 a share, after the branded footwear and accessories seller reported above-consensus adjusted Q4 net income. Excluding one-time items, the company earned $0.38 per share, improving on a non-GAAP profit of $0.20 per share during the comparable period last year and beating the Capital IQ consensus call by $0.11 per share. Net sales during the three months ended Feb. 3 increase to $720 million from $674.6 million during the year-ago period but still fell short of the analyst projections expecting $728.5 million. Q4 comparable-store sales climbed 1.3% compared with a 7% decrease during the same quarter last year. For FY19, the company is expecting its revenue to decrease by 1% to 3% from prior-year levels while same-store sales are seen increasing in the low single percentage digits. It also sees adjusted FY19 earnings in a range of $1.52 to $1.67 per share, straddling the Street view expecting $1.64 per share. The company also increased its quarterly cash dividend by 25% over its most recent distribution to $0.25 per share, payable April 6 to shareholders of record on March 23.

In other sector news:

+ JetBlue Airways ( JBLU ) climbed as much as 3% during Tuesday trading, reaching a session high of $22.69 a share, after the discount carrier reported a 6.8% rise in its preliminary February traffic levels over its year-ago traffic. Load factor was steady from February 2017 at 82.6% while the preliminary completion factor was 98.4% and its on-time performance was 74.6%. The airline also is expecting its Q1 revenue per available seat mile to grow between 3.5% to 5.5% compared with the first three months of 2017.

- Dick's Sporting Goods ( DKS ) trimmed its Tuesday decline to less than 3% after earlier sinking more than 9% to a session low of $29.53 a share after reporting a retreat in Q4 net income from year-ago levels despite a year-over-year increase in net sales. The company earned $1.22 per share during Q4, down from $1.32 per share during the same quarter last year although that still topped the Capital IQ consensus by $0.02 per share. Revenue grew to $2.66 billion from $2.48 billion in the year-ago quarter but missed the $2.73 billion analyst mean. The sporting goods retailer is projecting FY19 per-share earnings in a range of $2.80 to $3.00, straddling the Street view expecting $2.88 per share. Same-store sales are expected to be flat to a drop in the low single percentage digits.

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: DSW , JBLU , DKS

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