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Consumer Sector Update for 05/14/2015: VIPS,CTRP,KSS

Top Consumer Stocks

WMT +0.55%

MCD +0.28%

DIS +0.38%

CVS +1.41%

KO +0.97%

Consumer stocks were higher Thursday afternoon, with shares of consumer staples companies in the S&P 500 jumping almost 1.1%. Shares of consumer discretionary firms in the S&P 500 were ahead by about 0.2%.

In company news, Vipshop Holdings ( VIPS ) declined Thursday despite the online discount retailer's more than doubling its Q1 profit compared with the same quarter last year, beating analyst projections, and posting a 100% jump in revenue over year-ago levels.

Net income attributable to shareholders grew to $59.3 million, or $0.10 per American depository share, up from $26.3 million, or $0.04 per ADS, during the year-ago period. Excluding one-time items, it earned $77 million, or $0.13 per ADS, up from a $37.3 million non-GAAP profit last year and dispatching the Capital IQ consensus looking for a $0.10 per ADS Q1 gain.

Revenue grew to $1.4 billion from , topping analyst estimates by around $100 million.

For the current quarter ending in June, the company expects revenue in a range of $1.4 billion to $1.43 billion. Analysts, on average, are looking for $1.45 billion in Q2 revenue.

VIPS ADS were down more than 4% at $25.48 apiece, recovering from an earlier slide to $24.56 per ADS. The stock has traded within a 52-week range of $14.38 to $30.72 per ADS, already rising 62% over the past 12 months entering Thursday's session.

In other sector news,

(+) CTRP, (+10.8%) Reports surprise Q1 profit, posting adjusted earnings of $0.04 per share, topping analyst analyst consensus expecting $0.09 per share net loss. Revenue grows 38.3% over year-ago levels to $373.41 mln, beating Street view by $10.19 mln. Expects Q2 revenue growth of 45% to 50%.

(-) KSS, (-12.1%) Q1 revenue rises 1.3% year over year to $4.12 bln, missing analyst estimates by around $70 mln. EPS of $0.63 tops consensus by $0.08. Same-store sale rise 1.4%, trailing expectations for a 2.5% increase.

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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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