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Which Consumer Stocks Caught Investors’ Attention Last Week?

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Index performance this year

This year has been better for the consumer discretionary sector than the consumer staples sector and the S&P 500. The S&P 500 Consumer Discretionary Index has risen 15.1%, outperforming the S&P 500 and S&P 500 Consumer Staples Index, which have risen 12.7% and 13.2% this year, respectively.

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Earnings releases last week

Hormel Foods (HRL) released its Q3 2018 results on May 23. Its revenue fell 1.1% YoY (year-over-year) to $2.3 billion, missing analysts’ estimate by 1.05%, and its EPS rose 4.5% YoY to $0.46 from $0.44 and beat analysts’ growth estimate of 2.2%. HRL stock rose 1.2% last week.

Autozone (AZO) released its Q3 2019 results on May 21. Its revenue in the quarter rose 4.6% YoY to $2.7 billion and exceeded analysts’ estimate by 0.4%, and its EPS rose 19.2% YoY to $15.90 from $13.40, beating analysts’ growth estimate of 5.6%. AZO stock rose ~7.0% last week.

Foot Locker (FL) released its Q1 2019 results on May 24. During the quarter, its revenue rose 2.6% YoY to $2.08 billion and missed analysts’ estimate by 1.6%, and its EPS rose 5.5% YoY to $1.50 from $1.40, missing analysts’ estimate by 4.4%. FL stock fell 19.6% last week.

Kohl’s (KSS) reported its Q1 2019 results on May 21. Its revenue fell 3.3% YoY to $3.8 billion in the quarter and missed analysts’ estimate by 3.1%, while its EPS fell 4.7% YoY to $0.61 from $0.64, 10.0% below analysts’ estimate. KSS stock fell 19.6% last week.

JCPenney (JCP) reported its Q1 2019 results on May 21. Its revenue fell 4.3% YoY to $2.5 billion in the quarter, in line with analysts’ estimate. Its EPS fell YoY to $-0.46 from -$0.22.

Nordstrom (JWN) reported its Q1 2019 results on May 21. Its revenue fell 3.3% YoY to $3.4 billion, missing analysts’ estimate of $3.5 billion. Its EPS also fell, by 55.0% YoY to $0.23 from $0.51, and missed analysts’ estimate by 47%. JWN stock fell 9.7% last week. Coca-Cola (KO) caught investors’ attention last week after it announced a partnership with Netflix (NFLX) and its thriller show, Stranger Things, to bring back its infamous product, New Coke.

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