Markets

Consumer Sector Update for 04/25/2019: SHOO,SAM,PKG

Top Consumer Stocks

WMT +0.45%

MCD -0.08%

DIS +2.24%

CVS +1.35%

KO -0.97%

Consumer stocks were lower in recent trade, with shares of consumer staples companies in the S&P 500 falling 0.8% this afternoon while shares of consumer discretionary firms in the S&P 500 were down 0.1%.

Among consumer stocks moving on news:

(+) Steve Madden (SHOO) climbed 4% after the footwear company Thursday reported adjusted Q1 net income of $0.42 per share, rising $0.06 per share over the year-ago period and exceeding the Capital IQ consensus by $0.05 per share. Net sales increased 5.6% year-over-year to $410.9 million compared with $389.0 million during the same quarter last year, also topping the $404.3 million analyst mean.

In other sector news:

(+) Boston Beer Company (SAM) rose 8% after late Wednesday reporting adjusted Q1 net income and revenue exceeding year-ago levels and also topping Wall Street expectations. The brewer earned $1.87 per share during the quarter, more than trebling its $0.55 per share non-GAAP profit during the same quarter last year and beating the Capital IQ by $0.99 per share. Revenue jumped 32% year-over-year to $251.7 million, also exceeding the $232.19 million Street view.

(-) Packaging of America (PKG) was down fractionally this afternoon. The paper-based packaging company reported a 2.5% increase in its Q1 sales over year-ago levels, rising to $1.73 billion during the three months ended March 31 but still trailing the Capital IQ consensus expecting $1.77 billion. The company also projected Q2 net income lagging analyst expectations.

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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SHOO SAM PKG