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Sector Update: Consumer Stocks Rocked in Friday Sell-Off; BJ Restaurants Attracting Crowd Following Q2 Results

Top Consumer Stocks

WMT -0.67%

MCD +0.34%

DIS -0.78%

CVS +0.20%

KO -0.10%

Consumer stocks were broadly lower Friday afternoon with shares of consumer staples companies in the S&P 500 falling about 0.5%. Shares of consumer discretionary firms in the S&P 500 were down almost 1.3%.

In company news, BJ Restaurants ( BJRI ) rallied Friday after the casual-dining chain served up Q2 earnings that exceeded the Capital IQ consensus.

The company reported a $0.30 per share profit for the three months ended June 30, beating the Street view by $0.06 per share. Revenue grew 10.5% year over year to $219.4 million, in-line with the consensus. Same-store sales jumped 13% over year-ago levels.

BJRI shares were up nearly 15% at $35.24 apiece, earlier topping out at $36.12 a share. The stock has a 52-week range of $25.11 to $36.60 a share, slipping nearly 2% over the past 12 months.

In other sector news,

(+) LOCO, Shares of quick-service chicken meals surges in market debut after earlier pricing its initial public offering of 7.14 mln shares of its common stock at the top of its expected $13 to $15 per share range.

(-) AMZN, Q2 net loss grows to $126 million, or $0.27 per share, from a $7 million net loss last year and lagging the Capital IQ consensus for the latest quarter by $0.12 per share. Revenue rose 23% year over year to $19.34 billion, matching analyst predictions.

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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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