Top losers in the consumer sector
The Hershey Company (HSY) announced its fiscal 4Q17 results on February 1. Hershey’s revenue declined 1.5% YoY (year-over-year) to $1.94 billion and missed the estimates by 0.97%. The EPS (earnings per share) also dropped 12% YoY to $1.03 and missed the estimates of $1.07. Hershey stock took a hit and lost 7.1% last week.
Clorox (CLX) reported its fiscal 2Q18 results on February 2. The revenue rose 0.7% YoY to $1.4 billion and missed the estimates by 1.0%. The EPS of $1.23 was in line with the estimates but declined compared to the EPS of $1.25 in 2Q17. Clorox stock fell 8.2% last week.
Tractor Supply (TSCO) announced its fiscal 4Q17 results on January 31 after the markets closed. The revenue rose ~2% YoY to $1.95 billion—compared to $1.92 billion in 4Q16. The EPS declined to $0.91—compared to the EPS of $0.94 last year. The revenue and EPS surpassed estimates by 1% and 5%. Tractor Supply stock fell 14.2% last week.
Harley-Davidson (HOG) announced its fiscal 4Q17 results on January 30 before the markets opened. The revenue for the quarter increased 12.2% YoY to $1.04 billion and surpassed the estimates by 3.4%. The EPS increased 74.1% YoY to $0.47 and beat the estimates by 4%. Despite the impressive performance, Harley-Davidson stock dropped ~14% last week. Harley-Davidson mentioned that it will be closing a plant in Kansas City due to lower shipments. The company also expects shipments to drop in 2018.
PulteGroup (PHM) announced its fiscal 4Q17 results on January 30 before the market opened. The company reported a 12% increase in its revenue to $2.79 billion. However, PulteGroup’s revenue missed the estimate of $2.82 billion. The EPS rose to $0.88—compared to $0.67 in 4Q16. The earnings also surpassed the estimate of $0.85 per share. PulteGroup shares declined 11.1% due to a 23.8% fall in the gross margin, which was impacted by rising labor costs and commodity prices.