Top Consumer Stocks
Consumer stocks have turned lower in recent trade, with shares of consumer staples companies in the S&P 500 dropping nearly 0.9% this afternoon while shares of consumer discretionary firms in the S&P 500 were falling almost 0.3%, giving back their prior gain.
Among consumer stocks moving on news:
(+) Bloomin' Brands ( BLMN ) climbed over 9% on Thursday after the restaurant company reported adjusted Q4 net income of $0.30 per share, up from $0.18 per share during the same quarter in 2017 and beating the Capital IQ consensus by $0.04 per share. Revenue declined 6.9% year over year to $1.01 billion, coming in just ahead of the $1 billion Street view.
In other sector news:
(+) Yeti Holdings ( YETI ) rose 17% after the recreational and outdoors products company reported non-GAAP Q4 net income of $0.38 per share, up from $0.08 per share during the comparable period last year and topping the Capital IQ consensus by $0.04 per share.
(+) Canada Goose Holdings ( GOOS ) fell over 12% on Thursday. The winter-wear seller reported an increase in adjusted net income for its fiscal Q3 ended Dec. 31 to CAD0.96 per share from CAD0.58 per share during the same quarter in 2017 and beating the Capital IQ consensus expecting CAD0.81 per share. Net sales rose to CAD399.3 million from CAD265.9 million during the year-ago period, also topping the CAD360.1 million Street view.
(-) Coca-Cola ( KO ) declined 7.5% on Thursday after the soft-drink company generated $7.06 billion in revenue during the final three months of 2018, down 6% from the year-ago period and narrowly trailing the $7.07 billion analyst mean.
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