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Consumer Sector Update for 05/16/2017: VOXX,NATR,HOTR


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Top Consumer Stocks

WMT -1.14%

MCD +0.64%

DIS -0.96%

CVS -1.59%

KO +0.41%

Consumer stocks were narrowly mixed, with shares of consumer staples companies in the S&P 500 advancing almost 0.1% while shares of consumer discretionary firms in the S&P 500 were falling slightly less than 0.2%.

In company news, VOXX International ( VOXX ) stumbled during Tuesday trade, posting an 18% decline and dropping to a session low of $5.80 a share after the audio components seller last night put up a surprise net loss during its fiscal Q4 along with sales also lagging the analyst mean.

The company recorded a Q4 net loss of $0.22 per share during the three months ended Feb. 28, unchanged from the same quarter last year but well under the Capital IQ consensus looking for a $0.06 per share quarterly profit. Net sales fell 1.4% from year-ago levels to $167.4 million, also missing the $174 million Street view.

In other sector news,

(+) NATR, (+34.8%) Receives direct selling license from the Ministry of Commerce in China.

(-) HOTR, (-12.5%) Signs multi-unit franchise agreement with LBBIG LLC to open at least eight Little Big Burger locations in southern California by 2021.

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: VOXX , NATR ,



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