Consumer Sector Update for 05/15/2019: TCS,COTY,TSG,TSGI.TO

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Top Consumer Stocks

WMT -0.30%

MCD +0.60%

DIS +0.62%

CVS +0.02%

KO +1.20%

Consumer stocks were higher this afternoon, with shares of consumer staples companies in the S&P 500 climbing more than 0.7% this afternoon while shares of consumer discretionary firms in the S&P 500 were ahead almost 0.5%.

Among consumer stocks moving on news:

(-) Container Store ( TCS ) retreated Wednesday, trading almost 7% lower after reversing an early 11.5% advance. The retailer reported non-GAAP Q1 net income of $0.33 per share, almost doubling its $0.18 per share adjusted profit during the same quarter last year and beating the Capital IQ consensus by $0.03 per share.

In other sector news:

(+) Coty ( COTY ) climbed almost 5% after new regulatory documents show CEO Pierre Laubies last Friday purchased 648,228 shares of the beauty products company's stock, boosting his overall stake to nearly 2.96 million shares. Laubies paid an average of $11.6353 per share, or about $34.4 million total.

(-) The Stars Group ( TSG ) was down 1.7% this afternoon. The Canadian gambling equipment company earned $0.38 per share during its Q1 ended March 31, excluding one-time items, down from $0.67 per share during the same quarter last year and missing the Capital IQ consensus by $0.06 per share. Revenue rose 47.7% year-over-year to $580.4 million, also trailing the $616 million analyst mean.

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: TCS , COTY , TSG

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