Top Consumer Stocks
Consumer stocks were broadly lower Wednesday, trimming some of their earlier losses ever so slightly this afternoon, with shares of consumer staples companies in the S&P 500 retreating 1.2% while shares of consumer discretionary firms in the S&P 500 were declining 0.3%.
In company news, shares of The Dixie Group ( DXYN ) rallied Wednesday after it reported a surprise Q2 non-GAAP profit of $0.12 per share, easily beating the analyst consensus expecting a $0.03 per share net loss for the carpet company.
Net sales declined 4.2% from year-ago levels to $105.3 million, narrowly trailing the $107.1 million Street view. Commercial sales were particularly weak during the three months ended June 30, sliding 8.1% from the same quarter last year as orders began the quarter lagging expectations only to further deteriorate during May and June.
DXYN shares were up nearly 16% at $3.90 each, climbing almost 45% to reach a session high of $4.88 a share soon after today's opening bell.
In other sector news,
(+) BWLD, Adjusted Q2 EPS of $1.27 beats Capital IQ consensus by $0.01 per share. Revenue advances 15.0% over year-ago levels to $490.2 mln, missing the $498.69 mln consensus.
(-) RHI, Reports Q2 net income of $0.71 per share, trailing the Street view by $0.02 per share. Revenue grows by 5.7% to $1.34 bln, also lagging the analyst mean by around $20 mln.
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