Markets

Consumer Sector Update for 04/15/2015: DSKX,SWHC,SFS

Top Consumer Stocks

WMT -0.47%

MCD -1.22%

DIS +0.38%

CVS -0.42%

KO -0.15%

Consumer stocks were narrowly mixed this afternoon with shares of consumer staples companies in the S&P 500 slipping about 0.2% while shares of consumer discretionary firms in the S&P 500 were up about 0.2%.

In company news, DS Healthcare Group ( DSKX ) rallied Wednesday after the hair and personal-care products company reported its first profitable quarter ever during the final three months of 2014, supported by strong growth by its Mexican business unit.

The company reported adjusted earnings before interest, taxes, interest, depreciation and amortization and also excluding stock-based compensation of $1.01 million, reversing a $399,800 year-ago loss.

Revenue rose 21% year from same quarter last year to 3.71 million, trailing lone analyst estimate by around $1.9 mln. There were no earnings estimates available for comparison.

DSKX shares were up almost 23% at $1.24 apiece, earlier climbing as high as $1.47 a share. The stock has traded within a 52-week range of 56 cents to $2.08 a share, declining nearly 46% over the past year prior to today's spike.

In other sector news,

(+) SWHC, Raises Q4 EPS outlook by $0.10 from prior guidance to new range of $0.34 to $0.36 per share, topping consensus by at least $0.07 per share. Also increases revenue forecast at least $10.7 mln above Street view.

(-) SFS, Prices secondary offering of 10 mln shares previously owned by Ares Management and others at $18.50 per share, a 2.5% discount to Tuesday's closing price.

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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