Consumer Sector Update for 10/12/2017: ETH,SPAR,JILL

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Top Consumer Stocks

WMT +0.47%

MCD +0.52%

DIS -1.44%

CVS +0.12%

KO -0.07%

The gap between winning and losing consumer stocks continued to widen this afternoon, with shares of consumer staples companies in the S&P 500 climbing about 0.3% while shares of consumer discretionary firms in the S&P 500 were falling more than 0.5%.

In company news,

Ethan Allen Interiors ( ETH ) at one point on Thursday dropped more than 9% to a session low of $27.65 a share after the furnishings retailer projected fiscal Q1 earnings and sales trailing Wall Street expectations.

Excluding one-time items, the company is now expecting to report adjusted net income between $0.27 to $0.28 per share during the three months ended Sept. 30, lagging the Capital IQ consensus by at least $0.17 per share. It also sees around $181.3 million in sales during the quarter, also missing the $198.4 million Street estimates.

The company estimates disruptions through large parts of the southern United States caused by hurricanes this summer coupled with first-run production of new products likely reduced sales during the July-to-September period betweeen 7% to 8% compared with its earlier guidance and undercut expected earnings by $0.14 to $0.15 per share. It also said total written orders from the its retail segment increased 1.7% during the quarter instead of the expected 2.5% rise without the impact of hurricanes in August and September.

In other sector news,

(+) SPAR, (+17.2%) Climbs to a 10-year-high after announcing plans to reach $1 bln in sales by 2020 - representing a 12% compound yearly growth rate from $506.8 mln in 2014 - and also becoming the No. 1 or No. 2 company in each of its vehicle markets.

(-) JILL, (-51.4%) Falls to a record low after the company forecast non-GAAP net income between $0.08 to $0.10 per share, trailing the Capital IQ consensus by at least $0.09 per share. It also sees total company comparable sales for the quarter falling between 3% to 5% as well as a moderate decline in gross margin as compared to last year.

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: ETH , SPAR , JILL

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