Consumer stocks were broadly higher today with shares of consumer staples companies in the S&P 500 adding about 0.9%. Shares of consumer discretionary firms in the S&P 500 were up nearly 0.6%.
In company news, Aramark Holdings ( ARMK ) was fractionally higher late in Monday's regular session and the bulk food preparer serving up fiscal Q3 earnings that beat analyst estimates as well as forecasting FY14 per-share earnings exceeding the Street view.
The company recorded $46.9 million in GAAP net income, or $0.19 per share, up from a $27.7 million profit during the same quarter last year. Excluding special items, EPS rose to $0.32 from $0.28 per share during the April-to-June period, topping Wall Street expectations by $0.06 per share.
Revenue rose 3.7% year over year to $3.62 billion, roughly in-line with the Capital IQ consensus.
Looking forward to its fiscal year ending in September, AMRK is expecting to earn between $1.45 to $1.50 per share, excluding one-time items, in-line with the $1.40 per share consensus.
ARMK shares were ahead about 0.7% at $26.73 apiece, earlier climbing to a session high of $27.96 a share. The stock has traded within a 52-week range of $20.10 to $29.98 a share, climbing slightly more than 4% since pricing its initial public offering of 20 million shares at $25.50 each in December through Friday's close.
In other sector news,
(+) MFRM, Predicts $0.58 to $0.61 per share Q2 profit, up from $0.43 in year-ago quarter and topping analyst forecasts by at least $0.09 per share. Sales seen rising 36% year over year to $410 mln, topping consensus by at least $25.34 mln.
(-) DF, Withdraws FY14 EPS forecast, saying, "the balance of the year appears rocky." Also forecasts $0.05 to $0.15 per share Q3 net loss, compared with $0.24 per share profit expected by analysts.
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