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Consumer Sector Update for 03/28/2019: RMBL,PVH,LULU,YOGA


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Top Consumer Stocks

WMT +0.01%

MCD +0.89%

DIS +0.86%

CVS -1.36%

KO +0.18%

Consumer stocks were extending their moderately gains, with shares of consumer staples companies in the S&P 500 climbing more than 0.4% this afternoon while shares of consumer discretionary firms in the S&P 500 also were ahead over 0.6% in late trade.

Among consumer stocks moving on news:

(-) RumbleOn ( RMBL ) fell 10% after the e-commerce company reported an FY18 net loss of $1.70 per share, nearly doubling an $0.86 per share net loss during the prior-year period and missing the Capital IQ consensus expecting $1.44 per share.

In other sector news:

(+) lululemon athletica ( LULU ) climbed nearly 16% after the yoga wear company reported non-GAAP Q4 net income of $1.85 per share, up from $1.33 per share during the same quarter last year and beating the $1.75 per share Street view. Revenue grew 26% over the year-ago period to $1.20 billion, also exceeding the $1.15 billion consensus.

(+) PVH ( PVH ) raced 15% higher on Thursday after the apparel company reported an increase in non-GAAP Q4 net income to $1.84 per share from $1.58 per share during the year-ago period and beating the Capital IQ consensus for the three months ended Feb. 3 by $0.08 per share. Revenue fell 0.4% year over year to $2.48 billion but still topped the of $2.41 million analyst mean.

(-) YogaWorks ( YOGA ) dropped over 13% after the yoga studio chain issued a "going concern" warning, saying its history of continued losses has raised substantial doubt about its ability to continue operating and could limit its ability to raise additional funds.

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: RMBL , LULU , PVH , YOGA



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