Top Consumer Stocks
Consumer stocks still were mostly lower in late Friday trading, with shares of consumer staples companies in the S&P 500 sinking almost 0.5% while shares of consumer discretionary firms in the S&P 500 were dropping over 0.3%.
In company news, Lifevantage ( LFVN ) stumbled Friday, with shares of the network marketing company falling 19% to $3.88 a share today after it last night reported fiscal Q4 financial results trailing their year-ago comparisons.
Excluding one-time items, the company earned $0.04 per share during the three months ended June 30, down from adjusted net income of $0.23 per share during the same quarter last year as revenue also declined 4.5% from year-ago levels to $50.6 million. No analyst estimates were available for comparision.
Separately, LifeVantage overnight said it recently expanded its European footprint, opening for business in Germany on Sept. 1. The company now has offices in the United Kingdom, Australia, Canada, Mexico, Japan, Hong Kong, Netherlands and Thailand in addition to the United States.
In other sector news,
(+) ZUMZ, Narrows Q2 net loss by a penny from last year to $0.02 per share following a 7.8% sales increase to $192.2 mln. That beat Street views expecting a $0.06 per share net loss on $192.1 mln in revenue. Guides Q3 sales above consensus. B Riley raises rating to Buy from Neutral.
(-) AOBC, Q1 non-GAAP EPS of $0.07 misses Capital IQ consensus by $0.04 per share. Net sales fall 37.7% to $129 mln, also lagging the $147.2 mln consensus. Q2, FY18 profit and sales forecasts all shy of estimates. Lake Street trims price target by $4 to $13 a share, keeps Hold rating.
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