Top Consumer Stocks
WMT +0.16%
MCD +1.13%
DIS -0.76%
CVS -0.54%
KO +0.13%
Consumer stocks were little changed Tuesday, with shares of consumer staples companies in the S&P 500 sinking less than 0.1% in afternoon trading while shares of consumer discretionary firms in the S&P 500 also were falling less than 0.1%.
Among consumer stocks moving on news:
+ DSW ( DSW ) rallied Tuesday, rising almost 12% to a session high of $21.90 a share, after the branded footwear and accessories seller reported above-consensus adjusted Q4 net income. Excluding one-time items, the company earned $0.38 per share, improving on a non-GAAP profit of $0.20 per share during the comparable period last year and beating the Capital IQ consensus call by $0.11 per share. Net sales during the three months ended Feb. 3 increase to $720 million from $674.6 million during the year-ago period but still fell short of the analyst projections expecting $728.5 million. Q4 comparable-store sales climbed 1.3% compared with a 7% decrease during the same quarter last year. For FY19, the company is expecting its revenue to decrease by 1% to 3% from prior-year levels while same-store sales are seen increasing in the low single percentage digits. It also sees adjusted FY19 earnings in a range of $1.52 to $1.67 per share, straddling the Street view expecting $1.64 per share. The company also increased its quarterly cash dividend by 25% over its most recent distribution to $0.25 per share, payable April 6 to shareholders of record on March 23.
In other sector news:
+ JetBlue Airways ( JBLU ) climbed as much as 3% during Tuesday trading, reaching a session high of $22.69 a share, after the discount carrier reported a 6.8% rise in its preliminary February traffic levels over its year-ago traffic. Load factor was steady from February 2017 at 82.6% while the preliminary completion factor was 98.4% and its on-time performance was 74.6%. The airline also is expecting its Q1 revenue per available seat mile to grow between 3.5% to 5.5% compared with the first three months of 2017.
- Dick's Sporting Goods ( DKS ) trimmed its Tuesday decline to less than 3% after earlier sinking more than 9% to a session low of $29.53 a share after reporting a retreat in Q4 net income from year-ago levels despite a year-over-year increase in net sales. The company earned $1.22 per share during Q4, down from $1.32 per share during the same quarter last year although that still topped the Capital IQ consensus by $0.02 per share. Revenue grew to $2.66 billion from $2.48 billion in the year-ago quarter but missed the $2.73 billion analyst mean. The sporting goods retailer is projecting FY19 per-share earnings in a range of $2.80 to $3.00, straddling the Street view expecting $2.88 per share. Same-store sales are expected to be flat to a drop in the low single percentage digits.
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 MTNewswires.com. 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.
