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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.

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