Markets

Consumer Sector Update for 06/07/2018: FIVE,MTN,CONN,SJM

Top Consumer Stocks

WMT +0.39%

MCD +4.27%

DIS +0.41%

CVS -0.26%

KO -0.25%

Consumer stocks were ending broadly higher in some defensive trading today, with shares of consumer staples companies in the S&P 500 rising nearly 0.5% this afternoon while shares of consumer discretionary firms in the S&P 500 were climbing over 0.2%.

Among consumer stocks moving on news:

+ Five Below ( FIVE ) topped $100 a share for the first time ever, Thursday rising more than 24% to a record high of $100.97 a share, after the retailer reported Q1 financial results topping analyst estimates and issued Q2 and FY18 earnings outlooks also surpassing expert opinion. Including a $0.04 per share benefit from employee share-based payments, the company earned $0.39 per share during the three months ended May 5, more than doubling its $0.15 per share profit during the same quarter last year and beating the Capital IQ consensus by $0.08 per share. Net sales rose to $296.3 million from $232.9 million last year, exceeding the $291.14 million Street view. The company is projecting Q2 net income in a range of $0.36 to $0.38 per share on between $332 million to $335 million in sales, beating the analyst means by at least $0.02 per share and $5.22 million, respectively. For FY18, the company is expecting net income in a range of $2.42 to $2.48 per share, topping estimates by at least $0.01 per share. It also sees FY18 sales coming in between $1.502 billion to $1.517 billion, straddling the $1.507 billion Street view.

In other sector news:

+ Vail Resorts ( MTN ) scaled a new peak Thursday, rising almost 7% to a best-ever $276.91 a share, after reporting fiscal Q3 net income and sales exceeding Wall Street expectations. The mountain resorts and urban ski areas company earned $6.17 per share during the three months ended April 30, up from $4.40 per share during the same quarter last year and beating the Capital IQ consensus by $0.10 per share. Revenue grew to $844.5 million from $794.6 million in the year-ago period and also topped the $823.8 million Street view.

+ Conn's ( CONN ) rallied Thursday, at one point climbing over 27%, after the retailer reported adjusted Q1 financial results exceeding analyst projections. Excluding one-time items, Conn's earned $0.40 per share during the three months ended April 30, improving on non-GAAP net income of $0.05 per share in the year-ago period and topping the Capital IQ consensus by $0.13 per share. Total revenue rose to $358.4 million from $355.8 million during the same quarter last year and also beating the $355.1 million Street view. Q1 same-store sales fell 3.5% compared with last year although the company sees same-store sales for the current quarter to be flat to up 3%.

- J.M. Smucker Company ( SJM ) fell to a five-year low on Thursday, sinking almost 10% to its worst share price since February 2013 at $96.13 a share, after reporting fiscal Q4 financial results missing analyst estimates. Excluding one-time items, the food and beverage distributor generated non-GAAP net income of $1.93 per share during the three months ended April 30, improving on a $1.80 per share adjusted profit in the year-ago period but still trailing the Capital IQ consensus by $0.25 per share. Net sales were little changed compared with the same quarter last year at $1.78 billion, also lagging the $1.80 billion consensus call. For FY19, Smucker is looking for adjusted net income in a range of $8.40 to $8.65 per share on around $8.3 billion in revenue. Analysts, on average, are expecting a $9.19 per share adjusted profit this year on $8.04 billion in revenue.

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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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