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Which Consumer Sector Stocks Lost the Most Last Week?

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Nov. 20 2020, Updated 3:30 p.m. ET

Lowest performers in the consumer sector

The Washington-based Costco Wholesale Corporation (COST) announced its fiscal 2Q18 results on March 7 after the market closed. Revenue grew 10.8% YoY (year-over-year) to $33 billion. Earnings per share also rose 21.4% YoY to $1.42. Revenue beat consensus estimates by 0.7% while EPS (earnings per share) missed estimates by 3.4%. The stock fell 0.4% last week.

The Ohio-based retailer The Kroger Company (KR) released its fiscal 4Q17 results on March 8 before the market opened. Revenue grew 12.4% YoY to $31.03 billion. Earnings per share rose 18.9% YoY to $0.63. Revenue beat consensus estimates by 0.7% while EPS were in line with estimates. The stock fell 12% last week.

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The Kentucky-based Brown-Forman Corporation (BFB) announced its 3Q18 earnings results on March 7 before the market opened. Revenue grew 8.7% YoY to $878 million. Earnings per share increased 15.8% YoY to $0.44, compared to 3Q17 EPS of $0.38. Revenue and EPS beat consensus estimates by 0.9% and 7.3%, respectively. The stock lost 2% last week.

The Minnesota-based retailer Target Corporation (TGT) announced its fiscal 4Q17 results on March 6 before the market opened. Revenue grew 10.0% YoY to $22.7 billion. Earnings per share declined 5.5% YoY to $1.37. Revenue beat estimates by 1.0%, and EPS missed estimates by 1.0%. The stock lost 6.2% last week.

The Virginia-based Dollar Tree (DLTR) announced its fiscal 4Q17 results on March 7 before the market opened. Revenue grew ~13% YoY to $6.3 billion. Earnings per share increased 39% YoY to $1.89. Revenue missed estimates by 0.5%, and EPS missed estimates by 1.0%. The stock fell 11.2% last week.

Mattel (MAT) stock fell 10.5% last week. A Reuters report on March 9 stated that Toys “R” Us is planning to liquidate all of its U.S. stores six months after filing for bankruptcy. Toys “R” Us going out of business could put more pressure on toy maker Mattel. Hasbro (HAS) stock also fell 4.3% last week.

Last week, Nordstrom’s (JWN) Special Committee rejected the takeover proposal submitted by a group of Nordstrom family members. The group proposed to purchase all the outstanding shares of common stock in the company. The Special Committee, consisting of independent directors, determined that the price of $50.00 per share in cash was inadequate and rejected the offer. The company’ stock fell ~6% last week.

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