06 Feb Consumer Sector Update for 02/05/2018: CHD,SYY,AVP
Top Consumer Stocks
DIS – 1.68%
Consumer stocks were broadly lower Monday afternoon, with shares of consumer staples companies in the S&P 500 sinking over 1.0% while shares of consumer discretionary firms in the S&P 500 were slipping less than 0.2%.
Among consumer stocks moving on news:
+ Church & Dwight ( CHD ) climbed over 5% on at one point Monday, reaching a session high of $48.78 a share, after the cleaning and other household products company reported Q4 financial results exceeding Wall Street expectations. Excluding one-time items, the company earned $0.52 per share, up from $0.44 per share during the same quarter last year and beating the Capital IQ consenus by $0.02 per share. Net sales rose 15% over year-ago levels to $1.03 billion, also topping the $1 billion analyst mean. Looking forward, Church & Dwight is projecting non-GAAP FY18 earnings of $2.24 to $2.28 per share, surpassing the Street view by at least $0.10 per share.
In other sector news:
– Sysco ( SYY ) was lower Monday afternoon, with the wholesale food distributor failing to find much market support despite reporting above-consensus fiscal Q2 financal results. Excluding one-time items, it earned $0.78 per share, beating the Capital IQ consensus by $0.13 per share. Net sales grew 7.1% to $14.41 billion, also exceeding the $14.15 billion analyst mean.
– Avon Products ( AVP ) fell Monday after the cosmetics seller named Jan Zijderveld as its new chief executive, effective immediately. The former head of Unilever’s European operations succeeds Sheri McCoy, who previously announced her plans to step down from the company and board.
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