Jefferies Provides Color on Consumer Goods
Jefferies provided color on the consumer goods sector. In a research report published today, Jefferies stressed the possibility of an upside in Q2 earnings for a number of companies operating in the sector due to strong business momentum and generally conservative outlooks.
In the report, Jefferies states, “Q2 earnings season for our direct selling companies kicks off next Wednesday with TUP. We believe strong business momentum and typically conservative outlooks augur well for good EPS growth and potential upside for HLF, TUP and NUS, while expectations strike us as relatively modest for AVP as well.”
On Wednesday, Herbalife (NYSE: HLF) lost 0.81% of its value to end the day at $57.75, while Tupperware Brands (NYSE: TUP) lost 0.4% of its value to finish the day at $69.68. Finally, Avon Products (NYSE: AVP) added 0.18% to its value to close the day at $28.50.
