Top Gainers in the Consumer Sector Last Week

Top gainers last week

Campbell Soup Company rose 4.0% last week after a New York Post report mentioned that Kraft Heinz Company (KHC) would be interested in buying Campbell Soup if the company is up for sale. Kraft Heinz stock rose 2.6% last week.

Top Gainers in the Consumer Sector Last Week

The Kroger Company (KR) announced its fiscal Q1 2018 results on June 21 before the market opened. Its revenue grew by 3.4% YoY to $37.5 billion from $36.2 billion, and its EPS also rose ~26% to $0.73 from $0.58. Revenue surpassed estimates by 0.60%, and EPS exceeded estimates by 15.8%. The stock rose ~15% last week.

Darden Restaurants (DRI) reported its Q4 2018 results on June 21 before the market opened. The company reported a 10.2% rise in revenue to $2.1 billion and surpassed revenue estimates by 0.3%. Earnings per share rose to $1.3, compared to $1.1 in Q4 2017. Earnings exceeded forecasts by 3%. The stock rose ~16% last week.

On June 21, Instinet raised its target price for Signet Jewelers (SIG) to $62 from $41 with a  “buy” rating on the stock. The stock rose ~4.0% last week.

CarMax (KMX) reported its Q1 2019 results on June 21 before the market opened. The company reported a 5.5% rise in revenue to $4.7 billion and surpassed revenue estimates by 4.0%. Earnings per share rose to $1.33 compared to $1.13 in Q1 2018. Earnings surpassed estimates by 7.3%. The stock gained 10.8% last week.

Walgreens Boots Alliance (WBA) shares rose 2.8% last week after it landed itself a place in the Dow Jones Industrial Average Index and replaced General Electric Company (GE). David Blitzer, the managing director and chairman of the index committee at S&P Dow Jones Indices in New York City, said in a statement that the changing economy has favored consumer, finance, healthcare, and technology companies rather than industrial companies.