Top Gainers in the Consumer Sector: August 28–September 1
Before the market opened on August 30, Kentucky-based alcoholic beverage company Brown-Forman (BF-B) (BF-A) reported its fiscal 1Q18 results. The company posted EPS (earnings per share) of $0.46 in fiscal 1Q18—28.0% higher than its EPS in 1Q17. Its earnings were 18.0% ahead of analysts’ estimates. The company reported a 9.0% YoY increase in its revenue to $723.0 million. Its revenue also surpassed estimates of $689.5 million. The increased earnings and revenue drove the stock ~6.0% higher last week. As of September 1, the stock rose 5.9% last week and 18.8% year-to-date.
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Costco Wholesale (COST) reported its August sales results on August 30. For the four weeks ending August 27, 2017, its net sales rose 10.0% to $9.8 billion in August. Costco’s comparable sales rose 7.3% in August. Regionally, its comparable store sales rose 7.4% in the US, 8.2% in Canada, and 6.0% in other international locations. Costco stock benefited from strong August sales results and rose 3.8% in the week ending September 1.