Consumer Sector Update for 03/15/2019: HTHT,MDCA,KIRK

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Top Consumer Stocks

WMT +0.02%

MCD +0.87%

DIS +0.56%

CVS -0.46%

KO +0.22%

Consumer stocks held solid gains this afternoon, with shares of consumer staples companies in the S&P 500 climbing more than 0.6% while shares of consumer discretionary firms in the S&P 500 also added more than 0.6%.

Among consumer stocks moving on news:

(+) Huazhu Group ( HTHT ) rose more than 7% after the hotel management company Friday reported non-GAAP Q4 net income of RMB1.23 per American depository share, up from RMB0.75 per ADS during the year-ago period, while revenue for the three months ended Dec. 31 grew 20.2% year-over-year to RMB2.68 billion. Analyst estimates were not available.

In other sector news:

(+) MDC Partners ( MDCA ) was ahead almost 12% in recent trading after the marketing and communications company announced a $100 million funding agreement with The Stagwell Group, with the private equity firm buying $50 million of the company's common stock and $50 million of its non-voting convertible preferred stock.

(-) Kirkland's ( KIRK ) tumbled 17.5% on Friday after the company reported a 3.8% drop in revenue during its Q4 ended Feb. 2 compared with the year-ago period, falling to $216.1 million from $224.6 million last year and trailing the $222.7 million Street view. Same-store sales, including e-commerce sales, slipped 3.3%.

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: HTHT , MDCA , KIRK

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