Consumer Sector Update for 01/26/2018: SBUX,NBEV,CL


Shutterstock photo

Top Consumer Stocks

WMT +1%

MCD +0.67%

DIS +1.49%

CVS -0.13%

KO +0.99%

Consumer stocks were mixed again Friday, with shares of consumer staples companies in the S&P 500 slipping less than 0.1% in afternoon trading while shares of consumer discretionary firms in the S&P 500 were climbing nearly 0.6%.

Among other consumer stocks moving on news:

– Starbucks ( SBUX ) was lower Friday, at one point falling over 5% to a session low of $57.40 a share, after reporting a 6% increase in fiscal Q1 total sales over the same quarter last year to $6.07 billion but still trailing Wall Street estimates looking for $6.18 billion. Global and US same-store sales rose 2%. Excluding one-time items such as a $0.07 per share benefit resulting from recent tax legislation, the company earned $0.65 per share compared with $0.52 per share last year and topping analyst projections by $0.08 per share. Looking forward, Starbucks is expecting FY18 adjusted EPS of $2.48 to $2.53 and exceeding the Capital IQ consensus by at least $0.13 per share. Revenue this year is seen growing in the high single percentage digits.

In other news:

+ New Age Beverages ( NBEV ) raced almost 12% higher Friday to a session high of $4.15 a share after beginning nationwide distribution of its new Coco-Libre Sparkling and gaining authorization to bring the beverage into more than 9,500 outlooks, including grocery and convenience stores, warehouse and military sellers and pharmacy retailers.

– Colgate-Palmolive ( CL ) fell to a session low of $72.57 a share, sliding almost 6%, after posting a 4.5% year-over-year increase in Q4 revenue to $3.89 billion but still lagging the Capital IQ consensus by $30 million. Excluding one-time items, the company earned $0.75 per share, unchanged from last year and matching the analyst mean.

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.


No Comments

Post A Comment