Markets
TJX

Sector Update: Consumers

A generic image of a pen and on top of a chart.
Credit: Shutterstock photo

Consumer shares were higher in pre-market trade Wednesday.

In consumer sector news, shares of Barnes & Noble ( BKS ) climbed in Wednesday's pre-market session, after the bookseller reported it swung to a higher-than-expected fiscal Q3 profit, with sales matching analysts' estimates.

In addition, Chief Executive Michael P. Huseby said the company is "actively engaged in discussions with several world-class hardware partners related to device development as well as content packaging and distribution," and plans to launch a new NOOK color device in early fiscal 2015.

And, TJX ( TJX ) reported Q4 sales of $7.80 billion, up 1% over year ago levels but in line to just shy of the Street view of $7.87 billion. Earnings were $0.81, up from adjusted earnings of $0.74 per share last year. The analyst consensus called for EPS of $0.83 per share, according to Capital IQ.

Consolidated comparable store sales increased 3% over the prior year on a 13-week comparable basis.

The company also approved a new $2 billion stock buyback plan and increased its quarterly dividend by 21%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

TJX

Other Topics

Commodities