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Top Losers in the Consumer Sector August 14–18, 2017

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Top losers last week

Specialty retailer L Brands (LB) announced its fiscal 2Q17 results after the market closed on August 16, 2017. It posted EPS (earnings per share) of $0.48, a fall of 31.4% YoY (year-over-year). It also reported revenues of $2.8 billion, a fall of 4.7% compared to fiscal 2Q16. Its disappointing 2Q17 results drove the stock down 11.4% last week. It has plummeted 45.0% year-to-date.

Coach (COH) announced its fiscal 4Q17 results on August 15, 2017. It posted revenues of $1.13 billion, a fall of 1.8% YoY. Its adjusted EPS rose 11.1% to $0.50. Its revenue fell below the estimate of $1.15 billion, while EPS was above analysts’ estimate of $0.49. Revenue missing the estimate and falling YoY caused the stock to fall 15.1% last week.

Advance Auto Parts (AAP) announced its fiscal 2Q17 results on August 15, 2017. EPS took a hard fall of ~17.0% to $1.58 YoY, which was 4.2% lower than analysts’ estimates. Revenue rose slightly by 0.35% to $2.26 billion compared to $2.25 billion in 2Q16. It was 0.10% higher than the estimate. The earnings decline caused the stock to plummet 13.1% last week, falling ~45.0% year-to-date.

Walmart (WMT) also reported its fiscal 2Q18 results last week, and the stock fell 1.4%. Foot Locker (FL) fell behind analysts’ estimates for revenue and earnings in its fiscal 2Q17 results that it announced on August 18, which caused the stock to fall 30.3% last week. We’ll look at the earnings results for Walmart and Foot Locker later in this series.

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