Top Gainers in the Consumer Sector August 7–11, 2017
Tyson Foods in fiscal 3Q17
Before the market opened on August 7, 2017, Arkansas-based meat company Tyson Foods (TSN) announced its fiscal 3Q17 results. The company posted revenues of $9.9 billion, which represents a rise of 4.8% YoY (year-over-year). That was 3.9% higher than consensus estimates. The company’s EPS (earnings per share) rose 5.8% to $1.28 in fiscal 3Q17 from its fiscal 3Q16 EPS of $1.21. EPS also surpassed the estimate of $1.18. The results benefited the stock, which rose 3.6% last week and 6.3% YTD (year-to-date).
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On August 8, after the market closed, Monster Beverage (MNST) announced its results for fiscal 2Q17, which ended on June 30, 2017. The quarter saw EPS growth of 30.0% to $0.39 compared to $0.33 in 2Q16. It missed analysts’ estimate by 2.5%. Revenues for the second quarter were $907.1 million, reflecting a 9.6% rise YoY and surpassing the estimate of $904.4 million. The rises in revenue and earnings in 2Q17 drove the stock 2.1% higher last week and 21.4% YTD.
Before the market opened on August 8, 2017, CVS Health (CVS) reported its fiscal 2Q17 results. It posted EPS of $1.33, which was a slight rise of 0.76% compared to $1.32 in fiscal 2Q16. Its revenues came in at $45.7 billion, a rise of 4.5% compared to fiscal 2Q16. Its revenue surpassed the estimate of $45.4 billion, and its EPS was 0.80% higher than the estimate. The stock rose 1.8% last week.
Michael Kors Holdings (KORS) rose 21.4% last week after it announced its fiscal 1Q18 results. Ralph Lauren (RL) rose 8.4% last week, also in reaction to its fiscal 1Q18 results. Media company CBS (CBS) stock rose 4.9% after its strong fiscal 2Q17 results. Online travel company TripAdvisor (TRIP) stock rose 6.8% after its fiscal 2Q17 results. We’ll look at these earnings results later in the series.