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Consumer Sector Update for 04/11/2016: LITB, WMT, MCD, DIS, CVS, KO, OSTK


Shutterstock photo

Top Consumer Shares:

WMT: flat

MCD: flat

DIS: flat

CVS: flat

KO: -0.9%

Consumer shares were mostly flat ahead of the opening bell Monday.

In consumer stocks news, LightInTheBox ( LITB ) disclosed Q4 results that beat the Street view on both adjusted earnings per ADS and total revenues. The company reported Q4 adjusted net income of $5.5 million, or $0.12 per ADS, compared with a net loss of $0.5 million, or a loss of $0.01 per ADS, in the same quarter of 2014 and exceeding analyst estimates of $0.01. Total revenues of $87.5 million were down from $112.1 million in Q4 2014 but topped analyst projections of $81.2 million.

For Q1 2016 the company expects net revenues to be between $65 million and $67 million, shy of the Street expectation of $71 million with one analyst polled.

LITB shares were up 8.1% at $2.55 in pre-market trading , with a 52-week range of $1.95 – $6.46.

And, Overstock.com ( OSTK ) said that its founder and chief executive officer, Patrick M. Byrne, will take a personal leave of absence for medical reasons. Byrne stated in a letter to shareholders that he had been suffering through Stage IV Hepatitis C. It is unknown if he will return to work. He recommended to the board of directors that the Acting CEO be Mitch Edwards, an internet and tech executive behind such firms as BitTorrent and Skullcandy, and most recently, general counsel of Overstock.com.

OSTK shares closed at $14.33, with a 52-week range of $10.03 – $25.93.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Consumer Sector Update for 04/11/2016: LITB, WMT, MCD, DIS, CVS, KO, OSTK Reviewed by on . Shutterstock photo Top Consumer Shares: WMT: flat MCD: flat DIS: flat CVS: flat KO: -0.9% Consumer shares were mostly flat ahead of the opening bell Monday. In Shutterstock photo Top Consumer Shares: WMT: flat MCD: flat DIS: flat CVS: flat KO: -0.9% Consumer shares were mostly flat ahead of the opening bell Monday. In Rating:
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