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Consumer Sector Update for 03/20/2015: GMAN,CTRP,TIF

Top Consumer Stocks

WMT +2.13%

MCD +1.49%

DIS +1.31%

CVS +0.91%

KO +1.33%

Consumer stocks were broadly higher today with shares of consumer staples companies in the S&P 500 rising about 1.2%. Shares of consumer discretionary firms in the S&P 500 were ahead by around 1.3%.

In company news, Gordmans Stores ( GMAN ) rallied Friday after the apparel and home decor retailer reported better-than-expected Q4 financial results.

Net income during the three months ended Jan. 31 fell to $2.3 million, or $0.12 per share, from $2.7 million during the same quarter last year and beating the Capital IQ consensus by $0.04 per share.

Q4 sales increased 1.9% from year-ago levels to $203.9 million, edging out estimates by aound $1.5 million.

For the current quarter ending next month, GMAN is projecting revenue in a range of $144 million to $148 million, in-line with the $144 million consensus. It also sees a Q1 net loss of between $0.02 to $0.06 per share, straddling the Street view looking for $0.04 per share.

GMAN shares were ahead by over 18% at $5.17 each this afternoon, earlier rising to a session high of $5.44 a share. The stock has traded within a 52-week range of $2.42 to $6.55 a share, slipping nearly 28% over the past 12 months before today's surge.

In other sector news,

(+) CTRP, (+22.2%) Narrows non-GAAP Q4 net loss by $45 mln to $16 mln (RMB98 mln), or $0.11 per share. Revenue climbs 32% from year-ago levels to $326 mln, beating estimates by around $20 mln.

(-) TIF, (-3.6%) Q4 sales slip 0.8% from last year to $1.29 bln, lagging Street view by around $10 mln. Reverses year-ago $103.6 mln net loss, posting net income of $196.2 mln, or $1.51 per share, matching Capital IQ consensus.

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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