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Consumer Sector Update for 07/10/2019: WDFC,HELE,ASPU,LEVI


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Top Consumer Stocks

WMT -0.10%

MCD +0.42%

DIS +1.56%

CVS +1.05%

KO +0.42%

Consumer stocks were ending mostly higher late Wednesday, with shares of consumer staples companies in the S&P 500 climbing nearly 0.7% this afternoon while shares of consumer discretionary firms in the S&P 500 were ahead over 0.3%.

Among consumer stocks moving on news:

(+) WD-40 Co ( WDFC ) was 8.5% higher after the lubricants company late Tuesday said it earned $1.30 per share during its fiscal Q3 ended May 31, up from $1.15 per share during the year-ago period and beating the Capital IQ consensus by $0.08 per share. Net sales grew 7% year-over-year to $114 million, also exceeding the analyst mean by $4.6 million. Looking forward, the company is projecting FY19 net income in a range of $4.58 to $4.65 per share on between $425 million to $437 million in sales, topping Wall Street estimates by at least $0.02 per share and $1.7 million, respectively.

In other sector news:

(+) Aspen Group ( ASPU ) rose 14.5% after the for-profit college educator reported a 41% increase for its Q4 revenue, reaching $10.21 million during the three months ended April 30 compared with $6.03 million during the year-ago period and narrowly beating the Capital IQ consensus expecting $10.19 million.

(+) Helen of Troy ( HELE ) was ahead 11% on Wednesday after the home and beauty products company reported surprise increases with its fiscal Q1 financial results, posting a non-GAAP profit of $2.06 per share on $376.3 million in revenue during the three months ended May 31 and beating the Capital IQ consensus by $0.37 per share and $24.8 million, respectively.

(-) Levi Strauss ( LEVI ) slid 12% on Wednesday after the denim apparel company reported a year-over-year decline in its Q2 net income, dropping to $0.07 per share during the three months ended May 26 from $0.19 per share during the same quarter last year and trailing the Capital IQ consensus by $0.01 per share.

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: WDFC , ASPU , HELE , LEVI



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