Markets
WSM

Consumer Sector Update for 08/23/2018: WSM,SPWH,HRL,FLWS

Top Consumer Stocks

WMT -0.56%

MCD -0.87%

DIS -0.09%

CVS -0.54%

KO -0.32%

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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

WSM FLWS SPWH HRL

Other Topics

Commodities