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Sector Update: Consumer

Consumer shares were mixed in pre-market trade on Thursday.

In consumer stocks news, Lands' End ( LE ) reported a 48% increase in fiscal Q1 earnings as revenue climbed on higher sales in its direct and retail segments.

For the quarter ended May 2, 2014, the retailer reported net income of $10.9 million, or $0.34 per share, up from $7.3 million, or $0.23 per share, for the quarter ended May 3, 2013. Analyst estimates weren't available for comparison via Capital IQ.

Revenue rose 3.6% to $330.5 million.

And, Garmin ( GRMN ) has announced two new GPS-enabled collars, the TT 15 and T 5, for its Astro and Alpha dog tracking and training systems. The new TT 15 dog device allows tracking and training of sporting dogs up to nine miles away.

Finally, Bebe stores ( BEBE ) said CEO Steve Birkhold has resigned effective today and the board has appointed former Jackson Hole Group CEO Jim Wigget as interim CEO of the company.

Bebe said it will start the search for a permanent CEO and didn't say why Birkhold is leaving. Wigget has provided advisory services to Bebe over the past five years.

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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