Markets
DIS

Consumer Sector Update for 08/31/2017: WMT, MCD, DIS, CVS, KO, DG, CTRP, CPB

Top Consumer Shares:

WMT: +0.5%

MCD: +0.1%

DIS: +0.6%

CVS: flat

KO: +0.4%

Consumer shares were mostly firmer ahead of Thursday's open.

In sector news, Ctrip.com ( CTRP ) American Depositary Receipts were down nearly 2% after the company reported late Wednesday better-than-expected results for Q2 while providing guidance for Q3. Non-GAAP diluted EPS was RMB1.49 ($0.22), up sharply from last year's RMB0.12, exceeding the average analyst forecast of $0.20. Net revenues were RMB6.4 billion ($946 million), a 45% increase from the same period of 2016. Analysts were looking for net revenues of $945.1 million. For Q3, the company expects net revenue growth to continue at a year-on-year rate of approximately 35%-40%.

In other sector news,

(+) DG (+0.2%) Q2 tops estimates; comp store sales increase 2.6%

(-) CPB (-1.1%) Misses projections on fiscal Q4; guides 2018 below Street estimates

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

DIS WMT TCOM MCD CVS

Other Topics

Commodities