Quantcast
Featured Image

Top Consumer Stocks

WMT -0.25%

MCD +0.02%

DIS -1.50%

CVS +1.54%

KO +0.50%

Consumer stocks still were trending higher today, with shares of consumer staples companies in the S&P 500 falling off their prior advance but still posting a 0.1% rise, while shares of consumer discretionary firms in the S&P 500 were increasing nearly 0.4%.

In company news, Dollar General ( DG ) declined on Thursday, reaching a session low of $70.30 a share, after the company narrowed its FY earnings per share guidance to still mostly below the consensus.

Excluding one-time items, Dollar General earned $1.10 per share during the three months ended Aug. 8, exceeding analyst estimates expecting $1.09 per share. Net sales grew 8.1% over the same quarter last year to $5.83 billion, also beating the $5.8 billion Capital IQ consensus. Same-store sales rose 2.6%.

For the 12 months ending in late January, the company is now projecting GAAP net income - which includes one-time items - in a range of $4.35 to $4.50 per share, narrower than the prior guidance modeling GAAP earnings between $4.25 to $4.50 per share. Analyst had been expecting FY GAAP EPS of $4.47.

Dollar General today also reiterated its revenue forecast expecting net sales to rise between 5% to 7%.

In other sector news,

(+) SCVL, (+22.6%) Q2 EPS of $0.24 beats Street view by $0.05 per share. Net sales rise 1.4% over the same quarter last year to $235.1 mln, also topping the $232.3 mln consensus. Comparable sales increased 0.4%.

(-) GCO, (-16.6%) Reports non-GAAP Q2 net loss of $0.10 per share, reversing a year-ago adjusted profit of $0.34 per share and missing the Capital IQ consensus expecting a $0.08 per share net loss. Net sales slip to $616.5 mln from $625.6 mln last year, also trailing the $627.7 mln consensus.

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.

More from MT NEWSWIRES

Related Articles