Consumer Stocks Higher Before the Close

Consumer stocks continued to add to their Friday advance, with shares of consumer staples companies in the S&P 500 rising about 0.4% this afternoon while shares of consumer discretionary firms in the S&P 500 jumped out to more than an 0.8% increase. In company news, American Outdoor Brands (AOBC) stumbled Friday, falling as much as 10.5% to a session low of $21.41 a share after the firearms manufacturer issued Q1 and FY18 guidance trailing analyst projections and upstaging above-consensus financial results for the final three months of its recently concluded fiscal year.

Excluding one-time items, the company is expecting per-share earnings in a range of $0.07 to $0.12, trailing the Capital IQ consensus looking for a $0.31 per share quarterly profit. It also sees net sales for the three months ending late next month coming in between $140 million to $150 million. Analysts, on average, are modeling $179.60 million in Q1 sales.

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