Markets

Consumer Sector Update for 08/03/2018: NUS,MED,SHAK

Top Consumer Stocks

WMT +0.87%

MCD +0.64%

DIS +0.81%

CVS +1.54%

KO +1.08%

Consumer stocks were broadly higher in recent Friday trading, including a nearly 1.4% rise for shares of consumer staples companies in the S&P 500 while shares of consumer discretionary firms in the S&P 500 were climbing only slightly more than 0.1%.

Among consumer stocks moving on news:

+ Nu Skin Enterprises ( NUS ) climbed to its best share price since early January 2014 at $88.68 a share, rising at one point almost 17%, after reporting improved Q2 sales also exceeding Wall Street forecasts and prompting analysts at Stifel to lift their investment rating for the personal-care products company to Hold from Sell and raise their price target for its stock by $13 to $70 a share. The upgrade followed Nu Skin guiding Q3 and FY18 sales above Street views and increasing its stock buyback authorization by another $408 million to a new total of $500 million.

In other sector news:

+ Medifast ( MED ) raced to a record high on Friday, rising almost 31% to a best-ever $229.20 a share after the weight-management foods company said its Q2 profit almost doubled compared with the year-ago period, rising to $1.16 per share from $0.63 per share last year and breezing past the Capital IQ consensus expecting $0.98 per share. Revenue rose 55% year over year to $117.3 million, also exceeding the $101.75 million analyst mean. Its Q3 forecast for revenue of $120 million to $125 million and EPS of $1.05 to $1.10 tops the Street view forecasting revenue of $99.4 million and EPS of $0.93.

- Shake Shack ( SHAK ) stumbled Friday, at one point falling over 10%, after the restaurant chain issued an outlook for FY18 sales trailing analyst estimates, upstaging better-than-expected Q2 financial results. The company is projecting sales this year in a range of $446 million to $450 million, lagging the Capital IQ consensus for the 12 months ending Dec. 31 by at least $2.15 million. Same-store sales are seen rising 0% to 1% over last year.

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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