13 Feb 2018

Consumer Sector Update for 02/13/2018: AYR,APRN,UA,UAA,COT,BCB.TO,CRVP

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Top Consumer Stocks

WMT +1.55%

MCD -0.71%

DIS +0.74%

CVS +0.59%

KO +0.75%

Consumer stocks were adding to slight gains earlier Tuesday afternoon, with shares of consumer staples companies in the S&P 500 climbing just over 0.6% while shares of consumer discretionary firms in the S&P 500 also were posting a more than 0.6% gain.

In industry news:

Same-store sales at 20 of the largest U.S. chain retailers, discounters and department stores climbed 2.8% during the seven days ended Feb. 10 compared with the same week last year and easing 0.2 percentage points from the prior-week period, according to the weekly Redbook survey. Month-to-date sales also were down 1.1% from the the first 10 days in January and falling 0.4 percentage points for a 2.8% year-over-year advance, with both metrics showing their weakest growth since Nov. 11. Overall, sales growth has slowed during each of the past three weeks.

Among consumer stocks moving on news:

– Aircastle ( AYR ) stumbled Tuesday after the commercial aircraft leasing company reported adjusted Q4 net income of $0.72 per share, topping the $0.60 per share consensus view by analysts. Total revenue fell to $177.4 million from $204.7 million during the same quarter last year year and missing Street estimates looking for $184.1 million in revenue.

In other sector news:

+ Under Armour (UA,UAA) rallied Tuesday after the sportswear company reported Q4 sales topping analyst projections, supported by rising sales of clothing and footwear. Net sales rose 5% year over year to $1.37 billion, beating the Capital IQ consensus by around $40 million. Excluding one-time items, it earned $0.00 per share, matching Street estimates.

+ Blue Apron Holdings ( APRN ) served up tasty gains for investors on Tuesday, rising over 25% to a session high of $4.19 a share, after reporting a Q4 net loss of $0.20 per share during the October-to-December period, nearly halving its $0.39 per share loss during the same quarter last year and beating the Capital IQ consensus expecting a $0.25 per share net loss. Revenue fell to $187.7 million from $215.9 million last year but still topped the $186.1 million Street view.

– Cott (COT,BCB.TO) advanced after the soft-drink bottler late Monday announced a $35 million acquisition of Crystal Rock Holdings ( CRVP ), paying 97 cents for each Crystal Rock share, a 19.8% premium over the most recent closing price for the 100-year-old office water and coffee delivery company serving customers throughout New York and New England. The deal should close before the end of March.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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