Markets

Sector Update: Consumer

Consumer stocks were mostly higher Thursday with shares of consumer staples companies in the S&P 500 rising about 0.4%. Shares of consumer discretionary firms in the S&P 500 were up more than 0.7%.

In company news, shares of Five Below Inc. ( FIVE ) were lower this afternoon, giving back moderate gains early in today's session that followed the specialty retailer reporting posting adjusted per-share earnings and revenue during the three months ended May 3 that beat Wall Street expectations and raising its outlook for FY15 sales.

The seller of clothing, accessories and beauty products priced at $5 or less earned $0.07 per share during its fiscal Q1, excluding one-time items, topping the Capital IQ consensus by $0.01 per share. Net sales rose 31.8% over the same quarter last year to $126 million, also exceeding the Street view by around $4.08 million.

Same-store sales rose 6.2% over year-ago levels, topping the company's expectations looking for 3% to 4% growth at its stores open more than a year.

FIVE also raised its sales forecast for the fiscal year ending next January by around $3 million over its prior guidance, now expecting sales in a range of $675 million to $681 million, now bracketing the $680.1 analyst consensus. FY15 EPS is projected in a range of $0.86 to $0.89, in-line with estimates expecting $0.89 per share.

Its Q2 earnings guidance, however, trails Wall Street expectations, possibly driving shares lower today. It sees per-share earnings, excluding items, in a range of $0.12 to $0.13, lagging the Street view by at least $0.01 per share. Revenue for the May-to-July period is projected by the company in a range of $150 million to $152 million, in-line with $151.7 million analyst consensus.

FIVE shares opened to the plus side today, rising to a session high of $37.64 each, up 3%, only to soon fall negative with shares recently trading around $35.10 apiece, down almost 4%. The stock has a 52-week range of $33.94 to $55.28 a share, slipping about 5.5% over the past 12 months.

In other sector news,

(+) VNCE, (+12.9%) Q1 EPS of $0.04 beats by $0.03 per share. Revenue rises 32.4% year over year to $53.5 mln, topping the Capital IQ consensus by $4.73 mln. Raises FY15 EPS outlook by $0.03 to $0.88 to $0.92 a share, in-line with $0.88 Street view.

(-) RAD, (-8.9%) Cuts FY15 EPS outlook by $0.01 to a new range of $0.30 to $0.40 per share, still in-line with $0.39 analyst consensus. Also said adjusted Q1 earnings will trail its $0.09 profit last year. Street is expecting $0.08 per share in Q1.

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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