Markets

Consumer Sector Update for 09/11/2019: LOVE, FRAN, PLAY, WMT, MCD, DIS, CVS, KO

Top Consumer Stocks:

WMT: +0.28%

MCD: +0.46%

DIS: -0.02%

CVS: +0.27%

KO: +0.42%

Leading consumer stocks were rallying pre-market Wednesday.

Stocks moving on news include:

(+) The Lovesac Company (LOVE), which was gaining more than 20% after posting a fiscal Q2 adjusted loss of $0.31 per share, narrower than the loss of $0.63 per share in the comparable period a year ago. Analysts polled by Capital IQ expected a loss of $0.51 per share.

(+) Francesca's Holdings (FRAN) was up more than 8% after it reported earnings per share of $0.61 for fiscal Q2 ended Aug. 3, higher than EPS of $0.16 in the comparable quarter last year.

(-) Dave & Buster's Entertainment (PLAY) was slumping 15% after it reported fiscal Q2 results that were in line to better than Wall Street expectations and it lowered its FY19 outlook. GAAP EPS increased to $0.90 for the period ended Aug. 4, from $0.84 a year ago. That beat the $0.85 average estimate of analysts surveyed 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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