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Consumer Sector Update for 02/18/2015: PBPB,ANGI,FOSL

Top Consumer Stocks

WMT -0.36%

MCD -0.22%

DIS -0.07%

CVS -0.13%

KO -0.36%

Consumer stocks were mixed this afternoon, with shares of consumer staples companies in the S&P 500 climbing less than 0.1% while shares of consumer discretionary firms in the S&P 500 were down almost 0.4%.

In company news, Potbelly ( PBPB ) was cooking up hefty gains for its shareholders Wednesday, with shares of the sandwich restaurant chain stores climbing to a nearly eight-month high after swinging to a Q4 profit and posting adjusted per-share earnings and revenue during the period that beat analyst estimates.

Net income during the three months ended Dec. 28 was $667,000, or $0.02 per share, reversing a $3.67 million net loss during the same quarter last year. Excluding non-recurring items, it earned $1.7 million, or $0.06 per share, down from $1.9 million last year but still topping the Capital IQ consensus by $0.03 per share.

Total revenue grew 13.4% year over year to $84.8 million, exceeding analyst expectations by around $1.5 million. Sales at company-operated locations open at least 12 months climbed 3.7% over year-ago levels.

Looking forward to FY15, PBPB is projecting a rise of 20% or more in adjusted per-share earnings over the prior year's EPS of $0.22. That translates into an adjusted profit of at least $0.26 per share for the 12 months ending in December. On average, the two analysts now following the company are expecting a $0.30 per share non-GAAP profit this year.

PBPB shares recently were up nearly 13% at $16.00 each after earlier climbing to their best price since June 30, 2014, at $16.27 a share. The stock has traded within a 52-week range of $10.91 to $23.05 a share, dropping almost 27% over the past year prior to Wednesday's advance.

In other sector news,

(+) ANGI, (+50.1%) Q4 EPS of $0.26 beats analyst consensus by $0.05 per share. Revenue rises 19.5% over year-ago levels to $82.2 mln, topping estimates by $1 mln. Guides FY15 revenue in-line with Street view.

(-) FOSL, (-18.8%) Q4 net income of $3.00 per share misses by $0.07 per share. Revenue climbs 0.3% to $1.06 bln, trailing estimates by $60 mln. Currency translation lowered Q4 EPS by $0.23 per share and cut revenue by $32.5 mln.

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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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