Top Consumer Stocks
Consumer stocks were edging lower today, with shares of consumer staples companies in the S&P 500 sinking over 0.3% this afternoon while shares of consumer discretionary firms in the S&P 500 were slipping less than 0.1%.
Among consumer stocks moving on news:
+ Williams Sonoma ( WSM ) was cooking up big gains on Thursday, rising almost 17% higher, after reporting Q2 financial results topping Wall Street expectations and prompting a slew of analyst upgrades. Non-GAAP net income for the specialty retailer rose to $0.77 per share during the 13 weeks ended July 30, beating the Capital IQ consensus by $0.09 per share. Net sales grew 6.1% year over year to $1.28 billion, also surpassing the $1.26 billion analyst mean.
In other sector news:
+ Sportsman's Warehouse Holdings ( SPWH ) rose over 8% on Thursday after reporting improved Q2 financial results compared with year-ago levels and also exceeding Wall Street estimates. Excluding one-time items, it earned $0.18 per shrae, up from $0.15 per share last year and beating the Capital IQ consensus by $0.02 per share. Net sales grew to $203.3 million from $191.5 million in the year-ago period to matching the analyst mean.
- Hormel Foods ( HRL ) slid over 3% Thursday after reducing its FY18 sales forecast, now expecting between $9.40 billion to $9.60 billion compared with its prior outlook expecting $9.70 billion to $10.10 billion and now trailing the Capital IQ consensus by at least $120 million. The company also narrowly trailed analyst projections with its fiscal Q3 sales, rising 7% year over year to $2.36 billion during the three months ended July 29 but still coming in about $20 million shy of the analyst mean.
-1-800 FLOWERS.COM ( FLWS ) fell more than 8% after it swinging to a fiscal Q4 net loss of $0.13 per share, reversing a $0.12 per share profit during the year-ago period. Net sales fell to $229.9 million from $239.5 million last year but topped expectations by about $2.33 million. Looking forward, the company is projecting FY19 net income in a range of $0.38 to $0.42 per share, trailing the Street view by at least $0.12 per share.
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