Consumer Sector Update for 05/21/2019: KSS, JCP, AZO, WMT, MCD, DIS, CVS, KO

Top Consumer Stocks:

WMT: +0.08%

MCD: +0.76%

DIS: +0.71%

CVS: +0.68%

KO: +0.35%

Leading consumer stocks were trading higher pre-bell Tuesday.

Stocks moving on news include:

(-) Kohl's (KSS), which was declining by more than 10% after the department store operator said Q1 adjusted earnings were $0.61 per share, down from $0.64 a year ago and missing the $0.67 average estimate from analysts polled by Capital IQ.

(-) JC Penney (JCP) was nearly 7% lower as the retailer posted a wider-than-expected Q1 loss and another decline in same-store sales. The fiscal Q1 adjusted loss of $0.46 per share.

(+) AutoZone (AZO) was gaining more than 2% in value after booking fiscal Q3 earnings of $15.99 per share, up from $13.42 in the comparable period a year ago and exceeding the estimate of $15.19 from analysts polled by Capital IQ.

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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