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Consumer Sector Update for 09/11/2015: KR,RH,CHKE,TGT

Top Consumer Stocks

WMT +0.58%

MCD +1.81%

DIS +0.78%

CVS +0.36%

KO -0.28%

Consumer stocks have turned moderately higher today, with shares of consumer staples companies in the S&P 500 adding 0.2% while shares of consumer discretionary firms in the S&P 500 rising more than 0.4%.

In company news, shares of The Kroger Co. ( KR ) advanced Friday after the grocery chain raised its FY15 net income guidance and beat analyst projections with its Q2 per-share earnings.

The company earned $0.44 per share during the three months ended August 15, topping the Capital IQ consensus by $0.05 per share. Revenue rose 0.5% over year-ago levels to $25.44 billion, roughly in-line with the $25.5 billion consensus.

Kroger also raised its forecast for FY15 per-share earnings to a new range of $1.92 to $1.98, up from its prior outlook expecting between $1.90 to $1.95 per share and straddling Wall Street expectations looking for a $1.95 per share profit during the current fiscal year.

KR shares were up nearly 5% at $37.05 apiece, easing from an earlier run to $37.75 a share.

In other sector news,

(+) RH, (+6.7%) Raises yearly earnings outlook to $3.06 to $3.16 per share, bridging $3.11 per share consensus. Boosts FY15 revenue forecast to 2.158 billion to $2.178 billion; Street is at $2.17 billion. Adjusted Q2 EPS of $0.85 beats consensus view by $0.01 per share. Revenue rises 17% to $506.9 million, also topping $503.2 million consensus.

(-) CHKE, (-34.4%) Target ( TGT ) decides against renewing licensing agreement when current pact expires Jan 31, 2016, ending a nearly 20-year partnership.

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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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