Top Consumer Stocks
Consumer stocks were mixed, with shares of consumer staples companies in the S&P 500 climbing about 0.3% while shares of consumer discretionary firms in the S&P 500 were sinking nearly 1.0%.
In company news, Female Health ( FHCO ) fell Monday after the over-the-counter health care consumer products company today reported a fiscal Q4 net loss following a big slide in sales revenue compared with year-ago levels.
Net loss for the three months ended Sept. 30 was $0.06 per share, reversing a $0.02 per share profit during the same quarter last year. Revenue dropped 50% from last year to $3.56 million as unit sales of the company's FC2 female condom declined over 31% this year to around 42 million units from 61 million units during the prior 12-month period. No analyst estimates were available for comparison.
FHCO shares were down over 7% at $1.05 apiece, matching their session low.
In other sector news,
(+) CMG, (+2.8%) Names company founder Steve Ells to be chief executive officer after co-CEO Monty Moran steps down, effective immediately.
(-) SMG, (-0.4%) Announces plans for $250 mln offering of senior notes due 2026. Net proceeds will be used to reduce borrowings from senior secured revolving credit facility. Also acquires Blossom and PlantLink for undisclosed amount to support its Water Positive Landscapes and Connected Yard Internet of Things initiatives.
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