Consumer Sector Update for 02/01/2018: NBEV,L.TO,RL,AN

Consumer Sector Update for 02/01/2018: NBEV,L.TO,RL,AN


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Top Consumer Stocks

WMT -0.42%

MCD +0.67%

DIS +1.55%

CVS +0.24%

KO -0.23%

Consumer stocks were narrowly mixed Thursday, with shares of consumer staples companies in the S&P 500 inching less than 0.1% lower while shares of consumer discretionary firms in the S&P 500 were rising about 0.1%.

Among consumer stocks moving on news:

+ New Age Beverages ( NBEV ) was higher during Thursday trading, at one point pushing out to a nearly 6% advance at $3.78 a share, after the company said it has begun shipping its Coco-Libre and Bucha Live Kombucha beverage brands to Canada’s two largest grocery retailers, Loblaws (L.TO) and Sobeys. Loblaws is Canada’s largest food retailer with more than 2,000 supermarkets throughout the country, while Sobeys operates about 1,500 stores for second place.

In other sector news:

– Ralph Lauren ( RL ) was trading lower Thursday, reversing an early 1% gain that followed the apparel company reporting an an adjusted fiscal Q3 profit and net sales topping analyst estimates. It reported adjusted net income of $2.03 per diluted share, up from $1.86 per share in the prior-year period. Sales fell to $1.64 billion vs $1.74 billion year ago. Analysts, on average, were expecting a $1.87 per share profit on $1.63 billion in sales.

– AutoNation ( AN ) was unable to find much traction Thursday, with shares of the car seller falling over 5% to a session low of $58.44 a share despite Q4 net income of $1.64 per share – which includes a $0.45 per share windfall from recent federal tax law changes and another $0.17 per share from divestitures – beating the $0.92 per share analyst mean. Net sales grew 3.6% to $5.68 billion, also surpassing the $5.57 billion consensus call.

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