Consumer Sector Update for 07/20/2017: PM,MNRO,HZO

Top Consumer Stocks

WMT +0.40%

MCD +0.71%

DIS +0.76%

CVS +0.81%

KO -0.03%

Consumer stocks still were mixed, with shares of consumer staples companies in the S&P 500 adding about 0.2% in value today while shares of consumer discretionary firms in the S&P 500 were falling less than 0.1%.

In company news, Philip Morris International ( PM ) was trading lower today, paring a nearly 5% decline earlier Thursday that followed the cigarette-maker missing Wall Street expectations with its Q2 financial results.

Excluding one-time items, the company earned $1.14 per share during the three months ended June 30, down a penny compared with the same quarter last year and also trailing the Capital IQ consensus expecting $1.23 per share.

Net revenues, excluding excise taxes, climbed 4% over year-ago levels to $6.92 billion, also lagging the the $7.11 billion Street view.

Looking forward, Philip Morris today adjusted its prior FY17 earnings outlook to account for recent currency fluctuations, now expecting non-GAAP per-share net income between $4.78 to $4.93, representing a 9% to 12% increase over the prior year period and matching analyst estimates looking for a $4.91 per share adjusted profit this year.

In other sector news,

(+) MNRO, (+7.2%) Adjusted Q1 EPS of $0.55 per share beats Capital IQ consensus by $0.01 per share. Revenue rises 18.4% to $278.5 mln, also exceeding the $270.85 mln analyst mean. Guides FY18 results in-line with Street.

(-) HZO, (-22.3%) Q3 net income of $0.57 per share trails analyst estimates by $0.11 per share. Revenue falls 4.6% from last year to $329.8 mln, missing the $383.01 mln consensus. Same-store sales drop 10% compared with a 44% gain in the year-ago period.


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