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Consumer Sector Update for 03/07/2018: DLTR,ANF,GOLF

Top Consumer Stocks

WMT -1.65%

MCD -0.18%

DIS -1.73%

CVS -1.21%

KO -0.83%

Consumer stocks were following the broader U.S. markets lower, with shares of consumer staples companies in the S&P 500 sinking nearly 1.2% this afternoon while shares of consumer discretionary firms in the S&P 500 were falling nearly 1.2%.

Among consumer stocks moving on news:

- Dollar Tree ( DLTR ) dropped more than 16% on Wednesday, sinking to a session low of $87.36 a share, after the retailer reported Q4 financial results missing Wall Street expectations and issued below-consensus guidance. Excluding one-time items, the company earned $1.90 a share, up from $1.39 per share during the year-ago period and coming in $0.01 per share below the Capital IQ consensus. Net sales rose 13% year over year to $6.36 billion, also trailing the $6.39 billion analyst mean. For the current quarter, Dollar Tree is projecting non-GAAP Q1 net income in a range of $1.18 to $1.25 per share, lagging the Street view expecting $1.31 per share. It also sees sales this year between $5.53 billion to $5.63 billion, straddling the analyst consensus looking for $5.6 billion in Q1 sales. Same-store sales are projected for a "low single-digit increase," the company said. For FY18, the company sees adjusted EPS of $5.25 to $5.60 on $22.7 billion to $23.1 billion in sales. Analysts, on average, are expecting a $5.90 per share non-GAAP profit on $23.1 billion in sales.

In other sector news:

+ Abercrombie & Fitch Co ( ANF ) rallied Wednesday, racing nearly 15% higher to a 23-month high of $24.52 a share, after the apparel retailer reported better-than-expected Q4 non-GAAP earnings and sales. Excluding one-time items, the company earned $1.38 per share compared with a $0.75 per share adjusted profit during the same period last year and easily beating the Capital IQ consensus of $1.10 per share. Net sales rose to $1.19 billion from $1.04 billion last year, also topping the analyst mean by around $20 million. The company also said it expects FY18 comparable-store sales growth in the low-single percentage digits.

+ Acushnet ( GOLF ) was moderately higher Wednesday, climbing back to positive ground after the company reversed a year-ago Q4 net loss as revenue increased. The specialty retailer also boosted its quarterly dividend by a penny to $0.13 per share. Q4 net income swung to $11.7 million compared with a $200,000 net loss during the same quarter last year. Acushnet also reported $351.4 million in quarterly revenue, improving on $329.8 million in revenue last year and beating the Capital IQ consensus expecting $341.9 million. The company is projecting FY18 net sales in a range of $1.59 billion to $1.62 billion, straddling the $1.59 billion Street view.

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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