Markets

Consumer Sector Update for 05/10/2016: SODA,CROX,FRGI

Top Consumer Stocks

WMT +0.01%

MCD +0.60%

DIS +1.00%

CVS +0.16%

KO +0.90%

Consumer stocks were gaining in afternoon trading Tuesday, with shares of consumer staples companies in the S&P 500 rising 0.7% while shares of consumer discretionary firms in the S&P 500 were jumping out to a 1.1% advance.

In company news, shares of SodaStream International Ltd. ( SODA ) were bubbling Tuesday after the home beverage dispenser reported Q1 earning almost triple the amount Wall Street was expecting.

The company earned $6.1 million during the three months ended March 31, or $0.29 per share, little changed from the same quarter last year but beating analyst estimates expecting an $0.11 per share profit.

Revenue grew 11.7% over year-ago levels to $100.9 million, also exceeding the $89 million consensus. The company also generated positive cash flow for the second quarter in a row at $5 million, improving on a $12 million loss last year.

SODA shares were up more than 20% at $18.00 apiece, staying within relatively close distance of their session high today at $18.07 a share.

In other sector news,

(+) CROX, (+33.3%) Q1 EPS of $0.07 exceeds Street view by a penny. Revenue rises 6.4% to $279.1 mln, topping Capital IQ consensus by around $13.6 mln.

(-) FRGI, (-19.3%) Q1 EPS of $0.37 trails Capital IQ consensus by $0.03 per share. Net sales climb 7.8% over last year to $176.7 mln, roughly in-line with the Street view expecting $177.1 mln.

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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