Consumer stocks were mixed today with shares of consumer staples companies in the S&P 500 rising about 0.6%. Shares of consumer discretionary firms in the S&P 500 were down about 0.4%.
In company news, BJ Restaurants ( BJRI ) rallied to two-year high Friday after posting Q3 net income beating Wall Street expectation and quarterly revenue matching analyst estimates.
The restaurant chain earned $6.48 million, or $0.23 per share, during the three months ended Sept. 30, down from a $3.65 million profit during the same quarter last year but topping the Capital IQ consensus by $0.10 per share.
Total revenue rose 9.7% year over year to $206.5 million, roughly in-line with the $208.19 million consensus.
"Our sales momentum combined with our cost containment and Project Q initiatives enabled us to deliver restaurant level margins of 17.6%," according to CEO Greg Trojan in prepared remarks, explaining that represented improvement of 130 basis points over year-ago levels.
BJRI shares were up more than 24% at $41.25 apiece, earlier advancing to their highest share price since early October 2012 at $42.08 a share. Over the past 12 months, the stock has risen 61% through its Thursday close.
In other sector news,
(+) ELY, (+10.5%) Q3 GAAP loss of $0.01 per share tops Capital IQ consensus looking for a $0.26 per share loss. Revenue falls 5.1% year over year to $169 mln, beating estimates by $9.13 mln. Guides FY14 EPS, revenue in-line; FY15 guidance lags Street.
(-) AMZN, (-8.2%) Q3 net loss of $0.95 per share is $0.19 wider than consensus view. Revenue rises 20.4% year over year to $20.58 bln, lagging Street by $270 mln. Q4 revenue outlook misses by at least $610 mln.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.