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Consumer Sector Update for 02/02/2017: ZUMZ,MJN,SFLY

Top Consumer Stocks

WMT +0.95%

MCD +0.99%

DIS -0.25%

CVS -3.71%

KO +0.35%

Consumer stocks were trading higher Thursday, with shares of consumer staples companies in the S&P 500 jumping out to a 1.2% advance today although shares of consumer discretionary firms in the S&P 500 were just holding on to a 0.1% advance.

In company news, Zumiez ( ZUMZ ) shares advanced Thursday after the apparel seller last night said it now expects its Q4 per-share earnings to be at the top or slightly above its previous range expecting between $0.60 to $0.66 per share.

Analysts, on average, are expecting Zumiez to earn $0.64 per share during Q4, according to Capital IQ consensus.

The update followed Zumiez reporting a 14.3% increase in sales during the four weeks ended Jan. 30 compared with the same year-ago period, rising to $49.4 million from $43.2 million last year. The company is scheduled to report its Q4 financial results on March 9. The company also reported an increase of 9.4% in same-store sale last month compared a 4.6% decline during January 2015 and a 3.4% drop in December.

ZUMZ shares were up more than 5% at $20.60 apiece in recent trade, slipping somewhat from a prior climb to a session high of $21.40.

In other sector news,

(+) MJN, (+21.9%) Company confirms discussions with Reckitt Benckiser after the British consumer goods company makes acquisition bid offering $90 a share - a 29.5% premium over Wednesday's closing price.

(-) SFLY, (-16.5%) Q4 EPS of $2.63 on $561.2 mln in net sales both miss analyst projections. Guides Q1, FY17 below Street. Expects between $15 mln to $20 mln in restructuring charges this year. Downgrades at R.W. Baird, Needham & Co.

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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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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