Markets

Consumer Sector Update for 06/03/2016: BV,JVA,ZUMZ

Top Consumer Stocks

WMT -0.04%

MCD +0.10%

DIS -0.14%

CVS -0.31%

KO +0.41%

Consumer stocks were trading higher, with shares of consumer staples companies in the S&P 500 rising nearly 0.5% while shares of consumer discretionary firms in the S&P 500 were advancing 0.1%.

In company news, Bazaarvoice Inc. ( BV ) advanced Friday after the online shopping platform reported a smaller-than-expected Q4 non-GAAP net loss and quarterly revenue exceeding analyst estimates.

Excluding one-time items, the company reported a non-GAAP net loss from continuing operations of $500,000, or $0.01, during the three months ended April 30. That improved on a $4.4 million adjusted net loss during the same quarter last year and beat the Capital IQ consensus looking for a $0.04 per share net loss.

Revenue rose 5.0% over year-ago levels to $50.7 million, also topping the $48.87 million consensus.

BV shares were up more than 1% at $3.95 each, backing down from a nearly 8% jump to $4.19 a share soon after the opening bell.

In other sector news,

(+) JVA, (+33.3%) Reverses $0.33 per share net loss last year after posting Q2 EPS of $0.14 per share. Net shares decline 29% year over year to $21.4 mln. No analyst estimates were available for comparison.

(-) ZUMZ, (-6.1%) Q1 net loss of $0.08 per share beats analyst consensus by $0.03 per share. Net sales fall 2.6% to $173 mln, topping $172.4 mln Street view. Guides Q2 results below expectations, including 6% to 8% drop in same-store sales.

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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