Consumer Sector Update for 05/14/2019: DAVE,FIZZ,ENR,RL

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Top Consumer Stocks

WMT +0.87%

MCD -0.16%

DIS +1.78%

CVS -0.69%

KO +1.48%

Consumer stocks diverged somewhat this afternoon, with shares of consumer staples companies in the S&P 500 pushing out to a nearly 0.9% gain while shares of consumer discretionary firms in the S&P 500 were ahead just under 1.3% shortly before Tuesday's closing bell.

Among consumer stocks moving on news:

(-) Famous Dave's of America ( DAVE ) plunged 18% on Tuesday after the barbeque restaurant chain reported a 10.9% increase in Q1 total revenue over the year-ago period, rising to $14.2 million but still trailing the Capital IQ consensus expecting $14.8 million in sales, royalties and fees during the three months ended March 31. Net income fell to $0.01 per share from $0.13 per share last year, also missing the analyst mean looking for a $0.04 per share GAAP profit.

In other sector news:

(+) Energizer Holdings ( ENR ) rose 7%. Citigroup raised its rating on the household battery company to buy from neutral and lifted its price target to $54 from $50.

(-) Ralph Lauren ( RL ) was down about 4% this afternoon. The apparel company reported a 7% drop in North America revenue during its fiscal Q4 ended March 30 to $708 million while comparable retail store sales slowed by 4% from the year-ago period, upstaging better-than-expected Q4 net income and sales.

(-) National Beverage ( FIZZ ) tumbled 5% after Jefferies began analyst coverage of the soft-drink company with an underperform stock rating and a $45 price target.

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: DAVE , ENR , RL , FIZZ

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