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Consumer Sector Update for 02/23/2017: TILE,DOOR,LB

Top Consumer Stocks

WMT -0.20%

MCD +0.32%

DIS -0.36%

CVS +1.02%

KO +0.36%

Consumer stocks were broadly mixed in late-afternoon trading, with shares of consumer staples companies in the S&P 500 adding about 0.4% in value today while shares of consumer discretionary firms in the S&P 500 were posting a 0.6% retreat.

In company news, Interface ( TILE ) advanced to a 16-month high on Thursday after the modular carpet seller last night promoted Jay Gould to become its next chief executive, effective March 3.

Gould, currently company president and chief operating officer at interface, replaces Daniel Hendrix, who is keeping his board chairman responsibilities.

TILE shares recently were up nearly 4% at $18.50 each, earlier jumping out to the best price since December 2015 at $19.30 a share.

In other sector news,

(+) DOOR, Projected non-GAAP FY17 EPS of $4.10 to $4.60 breezes past the $3.72 per share consensus. Q4 revenue falls 0.9% compared with the same quarter last year to $481.03 mln, roughly in-line with the $485.41 mln consensus. Non-GAAP net loss of $0.55 misses by $0.09 per share.

(-) LB, Sees Q1 EPS between $0.20 to $0.25, trailing the $0.49 per share consensus. Also sees FY18 net income in a range of $3.05 to $3.35 per share, also lagging the $3.69 per share consensus. Q4 EPS tops Street view, reports in-line revenue.

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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