Top Consumer Stocks
Consumer stocks were narrowly lower in recent trading, with shares of consumer staples companies in the S&P 500 slipping nearly 0.3% while shares of consumer discretionary firms in the S&P 500 were posting a nearly 0.2% decline.
In company news, apparel manufacturer Cherokee Global Brands ( CHKE ) was higher during Friday afternoon trading, staying within relatively close range of today's nearly 13% rise to a session high of $9.26 a share after the company last night reported a larger-than-expected fiscal Q4 profit and revenue that nearly doubled compared with year-ago levels.
Excluding one-time items, the company earned $0.15 per share during the three months ended Jan. 28, down from adjusted net income of $0.19 per share during the same quarter last year but easily beating the Capital IQ consensus expecting $0.08 per share. Revenue jumped just over 91% to $14.9 million, also exceeding the $6.9 million Street view.
In other sector news,
(+) HAIN, (+6.4%) Warns in a regulatory filing it won't be able to file its Form-Q1 quarterly report for the three months ended March 31 by Monday deadline but also said it will able to file that report, in addition to Form-10K annual report for 12 months ended June 30, 2016, and its Q1 and Q2 quarterly reports by the end of May.
(-) JWN, (-9.9%) Adjusted Q1 EPS of $0.46 beats Capital IQ Consensus by $0.19 per share. Revenue climbs 2.7% over year-ago levels to $3.28 bln, roughly in-line with $3.29 bln consensus. Reaffirms in-line FY17 EPS outlook.
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