Consumer Sector Update for 12/04/2018: AZO,RF,LULU

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(Corrects headline to show decline in shares)

Top Consumer Stocks

WMT -2.34%

MCD +0.28%

DIS -2..10%

CVS -0.85%

KO +0.26%

Consumer stocks were lower, with shares of consumer staples companies in the S&P 500 falling 1% this afternoon, while shares of consumer discretionary firms in the S&P 500 were slumping 3.5%.

Among consumer stocks moving on news:

(+) AutoZone ( AZO ) jumped 5% on Tuesday after the auto-parts retailer beat analyst forecasts by earning $13.47 per share during its fiscal Q1, exceeding the Capital IQ consensus by $1.25 per share. Net sales rose to $2.64 billion during the quarter from $2.59 billion a year earlier, about in line with the Street view.

In other sector news,

(+) RH ( RH ) the specialty retailer rose 8% after reporting above-consensus Q3 financial results and raising its Q4 outlook above analyst estimates. Excluding one-time items, RH earned $1.73 per share on $638.5 million in net sales, crushing the Capital IQ consensus by $0.46 per share and $6.5 million, respectively.

(-) Lululemon Athletica ( LULU ) declined 5.6%. Bloomberg News, citing people familiar with the matter, reported that founder Chip Wilson was close to joining a Chinese investor group considering a prospective takeover of Amer Sports.

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: AZO , RH , LULU , RF

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