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Sector Update: Consumer

Consumer shares were generally lower in pre-market trade Thursday.

In consumer sector news, Wal-Mart ( WMT ) shares were down about 3% after it reported Q1 EPS of $1.10, down 3.5% from $1.14 per share. The retail giant said severe weather in the U.S. negatively impacted EPS by about $0.03 per share. Sales edged up 0.8% to $114.2 billion. The analyst consensus on Capital IQ called for earnings of $1.15 per share on sales of $115.6 billion.

During the 13-week period, Walmart U.S. comp traffic decreased 1.4%, while average ticket increased 1.3%. E-commerce sales positively impacted comp sales by approximately 0.3% for the 13-week period.

And, Kohl's ( KSS ) reported fiscal Q1 earnings and sales that were short of analysts' estimates and reaffirmed its FY14 EPS guidance.

The operator of department stores said its earnings in the quarter ended May 3 fell to $125 million or $0.60 per diluted share from $147 million or $0.66 the year earlier, missing the $0.62 average estimate from analysts polled by Capital IQ.

Sales fell 3.1% to $4.07 billion, coming in below the $4.2 billion consensus estimate.

Comparable store sales meanwhile were down 3.4% from the year earlier.

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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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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