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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 All rights reserved. Unauthorized reproduction is strictly prohibited.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Other Topics


Latest Markets Videos


Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

Learn More