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

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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.

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