Analyzing the Consumer Sector’s Earnings Last Week

Consumer earnings last week

Nike (NKE) declared its fiscal 2Q18 results on December 21 after the markets closed. In 2Q18, its revenue rose 5.0% to $8.6 billion and beat the estimates by 2.4%. The EPS (earnings per share) fell 8% YoY (year-over-year) to $0.46 in 2Q18 but exceeded the previous estimates of $0.4 per share.

Analyzing the Consumer Sector’s Earnings Last Week

General Mills (GIS) announced its fiscal 2Q18 results on December 20, 2017. The company’s earnings fell 3.5% YoY to $0.82 per share. Its revenue rose 2.1% YoY to $4.2 billion. General Mills’ earnings were in line with the estimates. Its revenue beat the estimates by 2.7%.

Conagra Brands (CAG) reported its fiscal 2Q18 results on December 21 before the market opened. Its revenue for the quarter grew 4.1% to $2.2 billion and beat analysts’ estimates by 6.4%. The EPS rose 12.2% to $0.55 YoY and beat analysts’ estimates of $0.52.

Retail store chain Bed Bath & Beyond (BBBY) declared its fiscal 3Q17 results on December 20 after the markets closed. The revenue for the quarter was approximately in line with the same quarter last year at $2.96 billion. The EPS fell to $0.44 per share compared to $0.85 in 3Q16. The revenue and earnings surpassed consensus estimates of $2.90 billion and $0.37 per share.

Full-service restaurant chain Darden Restaurants (DRI) posted its fiscal 2Q18 earnings on December 19. The company’s earnings rose 14.1% YoY to $0.73 per share. The revenue rose 14.6% YoY to $1.88 billion. The earnings surpassed the estimates by 4%, while its revenue beat the estimates by 1.4%.

Used cars retailer CarMax (KMX) released its third-quarter results (ending November 30) on December 21 before the market opened. Its revenue for the quarter rose 10.9% YoY to $4.1 billion and beat the estimates by 3.3%. The EPS rose 12.5% YoY to $0.81 per share. The earnings were in line with the estimates.