Consumer Sector Update for 01/31/2018: FLWS,ENR,PBI,ARCB

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Top Consumer Stocks

WMT -1.10%

MCD -1.08%

DIS -1.24%

CVS -1.72%

KO +0.33%

Consumer stocks were solidly lower near today’s closing bell, reversing small gains earlier Wednesday, with shares of consumer staples companies in the S&P 500 sinking over 0.4% this afternoon while shares of consumer discretionary firms in the S&P 500 were falling about 0.3%.

Among consumer stocks moving on news:

– ( FLWS ) wilted Wednesday, dropping almost 11% to a session low of $10.35 a share, after the gourmet food and floral gifts company today reported a 5.1% drop in fiscal Q2 net sales compared with the same quarter last year to $526.1 mln, narrowly lagging the $528.9 mln Capital IQ consensus call. Excluding one-time items, it earned $0.88 per share during the three months ended Dec. 31, unchanged from year-ago levels and matching the analyst mean. The latest quarter’s results were negatively impacted by recent changes to federal tax law, reducing its reported earnings by $526.1 mln, or $0.24 per share. It also lower its FY18 sale outlook to a new range of $1.13 bln to $1.15 bln from its prior guidance expecting between $1.14 bln to $1.16 bln, staying in-line with $1.14 bln consensus. It sees EPS this year in a range of $0.62 to $0.64 compared with $0.46 to $0.48 per share previously. The Street is at $0.46 per share.

In other sector news:

+ Energizer ( ENR ) shares stayed on the move Wednesday, climbing almost 8%, after the battery seller beat analyst projections with its fiscal Q1 financial results and raised its FY28 earnings outlook above Wall Street estimates. Excluding one-time items, adjusted net income rose $0.04 over year-ago levels to $1.55 per share, surpassing the Capital IQ consensus by $0.12 per share. Revenue rose to $573.3 mln, also beating the $566.5 mln analyst mean. It sees adjusted EPS between $3.30 to $3.40 per share, up $0.30 per share over its prior forecast and topping the Street view by at least $0.05 per share.

+ Pitney Bowes ( PBI ) rose as much as 16% today after exceeding analyst estimates for adjusted Q4 EPS by $0.16 per share, earning $0.40 per share. Revenue rose to $1.05 bln from $887.1 mln last year, also topping the $1.04 bln analyst mean. It sees FY18 revenue rising 9% to 13% over last year and adjusted net income in a range of $1.40 to $1.55 per share. Wall Street is projecting a revenue increase of only 2.5% year over year and a $1.42 per share adjusted EPS.

– ArcBest ( ARCB ) fell after Wednesday posting mixed Q4 financial results, including $710.7 mln in quarter revenue compared with Street estimates expecting $737.7 mln. Excluding one-time items, it earned $0.42 per share, beating the Capital IQ consensus call by $0.05 per share.

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