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Consumer Sector Update for 05/16/2019: FLO,WMT,FTCH


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Top Consumer Stocks

WMT +2.42%

MCD +0.51%

DIS +0.89%

CVS -0.29%

KO +0.50%

Consumer stocks were advancing in recent trade, with shares of consumer staples companies in the S&P 500 climbing 1.2% this afternoon while shares of consumer discretionary firms in the S&P 500 were ahead almost 1.3%.

Among consumer stocks moving on news:

(+) Flowers Foods ( FLO ) was 4.6% higher after the bakery products company reported non-GAAP net income of $0.32 per share, improving on a $0.30 per share adjusted profit during the year-ago period and beating the Capital IQ consensus by $0.02 per share. Net sales rose 4.8% year over year, rising to $1.26 billion and also exceeding the $1.23 billion analyst mean.

In other sector news:

(+) Walmart ( WMT ) jumped over 2% on Thursday after the retail gian t report ed better-than-expected Q1 earnings, reporting a profit of $1.13 per share, excluding one-time items, on $123.9 billion in sales. That compares with the Capital IQ consensus looking for a non-GAAP net income of $1.02 per share. Comparable store sales rose to a nine-year high, climbing 3.4% and also topping the 3.3% Street view.

(-) Farfetch ( FTCH ) slid 10% after the luxury apparel retailer reported a non-GAAP Q1 net loss of $0.22 per share, expanding on an $0.18 per share loss during the same period last year and missing the Capital IQ consensus expecting a $0.15 per share non-GAAP net loss.

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: FLO , WMT , FTCH




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