Main consumer stocks
WMT + 0.30%
MCD + 3.57%
DIS + 5.00%
CVS + 2.94%
KO + 3.53%
Consumer stocks were mostly higher, with the SPDR Consumer Staples Select Sector ETF climbing 2.3% this afternoon while the SPDR Consumer Discretionary Select Sector ETF was up 3%.
Among the consumption values evolving on the news:
(+) Mohawk Group Holdings (MWK) climbed nearly 28% after announcing preliminary Q1 sales of $ 25-26 million on Thursday, saying that “stronger demand” from Amazon.com (AMZN) had contributed year over year. sales increase up to 46%. Analysts on average expected $ 23.4 million in revenue for the quarter ended March 31.
In other sector news:
(+) Nautilus Group (NLS) rose 63% after exercise equipment maker announced Wednesday it expected to report about $ 94 million in net sales in the first quarter, up 11 % compared to the same period of the previous year and strengthening the Capital IQ consensus in search of $ 75 million in sales.
(-) John Wiley & Sons (JW-A, JW-B) fell 9% after the educational publisher announced Thursday that it was reducing its financial outlook for fiscal 20 and suspending its buyout program actions due to the impact of the current COVID-19 pandemic on his business. The company now projects non-GAAP net earnings in the range of $ 2.15 to $ 2.30 per share on revenue between $ 1.81 billion and $ 1.83 billion, down from his previous forecast, looking for adjusted earnings of $ 2.45 to $ 2.55 per share on $ 1.86 billion to $ 1.89. billion in revenue.
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