Consumer Sector Update for 01/25/2018: LVS,MKC,WHR,F

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Top Consumer Stocks

WMT +0.57%

MCD -0.09%

DIS +0.12%

CVS +0.87%

KO +0.06%

Consumer stocks turned lower late Thursday, with shares of consumer staples companies in the S&P 500 unchanged in recent trade this afternoon while shares of consumer discretionary firms in the S&P 500 were dropping about 0.3%.

Among consumer stocks moving on news:

Las Vegas Sands ( LVS ) today was ending about 2.5% lower, climbing about 1 percentage point above Thursday’s session low that followed the casino company reporting an 11.7% increase in Q4 revenue over year-ago levels to $3.44 bln, topping the $3.26 bln Capital IQ consensus. Excluding one-time items, it also earned $0.88 per share, up from $0.62 per share last year and exceeding Wall Street expectations by $0.11 per share.

In other sector news:

+ McCormick & Co ( MKC ) climbed to within 33 cents of its 52-week high on Thursday, rising over 6% to top out at $106.17 a share after reporting adjusted EPS of $1.54 per share during its Q4 ended Nov. 30, beating the Street view by $0.02 per share. Net sales rose 21.1% to $1.49 bln, matching the $1.48 bln analyst mean. Projected FY18 profit range exceeds $4.71 per share analyst mean by at least $0.09 per share. See revenue this year rising 12% to 14% over last year versus 12.1% consensus call.

+ Whirlpool ( WHR ) was cleaning up in Thursday trading, with shares of the appliance manufacturer rising nearly 5% to a session high of $187.47 apiece, after reporting a 1% year-over-year sale increase to $5.7 bln, just shy of the $5.84 bln consensus. It also recorded a GAAP net loss of $3.69 per share, which includes a one-time, $420 mln non-cash charge linked to tax changes. Forecasts were looking for a $2.69 per share GAAP loss. Ongoing EPS was $4.10 compared with $4.33 per share during the same quarter last year and topping estimates expecting $4.00 per share.

– Ford ( F ) was stuck in the slow lane Thursday, dropping about 3.5% in recent trade, after last night reporting non-GAAP Q4 EPS of $0.39 compared with $0.30 per share during the year-ago period and matching the Capital IQ consenus. Net sales rose 7% to $41.3 bln, topping the $36.9 bln Street view. For 2018, the automaker is expecting adjusted earnings in a range of $1.45 to $1.70 per share, straddling the analyst mean looking for $1.63 per share.

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