Consumer stocks to explore ahead of Thanksgiving

Highlights 

  • The consumer staples – due to their inelasticity – are in demand despite the uncertain economic conditions. This has made consumer staples stocks an attractive option for the investors.

  • Some consumer stocks have strongly grown during FY21 despite the pandemic that includes MIH, LV1 among others.

  • MIH and LV1 delivered 117% and 35% return over the last one month followed by RIC, ATP and BKL at 17%, 9% and 19%.

The consumer staples always remain in demand despite the uncertain market conditions. However, like other industries, the COVID-19 pandemic has caused headwinds in this sector as well.

 

Representative Image Source: © Jirsak | Megapixl.com

Some of the consumer stocks have delivered strong performance during the last three months despite the market challenges. This article will walk you through top consumer stocks to explore ahead of thanksgiving.

Kalkine Research Source: ASX

Merchant House International Limited (ASX:MHI)

Merchant House is an ASX-listed designer and marketer of leather shoes, home decoration items and other consumer durables products.

The company reported positive quarterly results for the quarter ending on 30 June 2021. As per its latest quarterly report

                     

Consumer stocks to explore ahead of Thanksgiving

 

  • MHI has reported that it has completed the disposal of the Chinese wholly owned subsidiary – Carsan following a receipt of AU$22.1 billion proceeds.

  • The Footwear trading division – Forsan resulted with better sales for the quarter as compared to the last quarter.

On 15 September, MHI shares were trading at AU$0.130 remaining unchanged from the previous close.

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Live Verdure Limited (ASX:LV1)

With a market worth of AU$18.23 million, Live Verdure is an ASX listed plant-based food, nutraceutical, and wellness company.

Image description – buisness growth

Representative Image Source: © Jirsak | Megapixl.com

Live Verdure’s revenue from ordinary activities increased by 52.4% for the year ended on 30 June 2021. According to its FY21 preliminary final report published in late August-

  • The revenues from ordinary activities stood at AU$607,531 up 52.4% from the prior year.

  • Other income increased to AU$127,981 during the last financial year and the company witnessed an increase in its online sales.

  • The net assets also increased to AU$3.71 million followed by a successful Initial Public Offering raising over AU$5 million in December 2020.

On 15 September, LV1 shares were trading 1.516% lower at AU$0.325 at 12:08 PM AEST.

Ridley Corporation Limited (ASX:RIC)

Ridley Corporation is an animal nutrition solutions provider, along with providing rural products services across Australia.

  • Ridley achieved a strong operating performance for the year ended on 30 June 2021. According to its latest FY21 results -
    The company’s
    earnings before interest, taxes, depreciation, and amortisation (EBITDA) stood at AU$69 million, up 16% on year-on-year basis.

  • Net profit after tax declined by AU$11 million that stood at AU$25 million.

  • Ridley achieved a strong operating cash flow for the last year – of AU$82 million.

On 15 September, Ridley shares were trading 0.370% lower at AU$1.350 at 12:07 PM AEST.

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Atlas Pearls Limited (ASX:ATP)

Atlas Pearls is an ASX listed one of the world’s largest pearl producers operating across 7 farming locations throughout South Seas.

Image description – shell with a pearl

Representative Image Source: © Jirsak | Megapixl.com

Atlas maintained a strong financial position during the last year ended on 30 June 2021. According to its FY2021 annual report –

  • The company witnessed a significant increase in its revenue for the prior year, that stood at AU$18.3 million, up 33% from FY2020.

  • Ridley has recorded a profit before tax figure of AU$8.1 million for the last year and the costs of goods sold for the year also remained constant to the prior year at AU$8.4 million.

  • The company’s earnings per share stood at AU$1.58 cents per share.

On 15 September, Atlas shares were trading at AU$0.025 at 12:03 PM AEST.

Blackmores Limited (ASX:BKL)

With a market cap of AU$1.78 billion, Blackmores Limited operates as natural health solutions provider in Australia.

The company achieved a strong progress in its transformation program despite the headwinds in Australia. According to its FY21 results published in late August 

  • Blackmores’ revenue stood at AU$575.9` million, up 3.2 % at a constant currency basis.

  • The company also paid a final dividend of 42 Australian cents per share that brings up the full year dividend per share to 71 cents.

  • Blackmore’s underlying earnings before taxes (EBIT) increased by 2.7 ppts to 8.3%.

On 15 September, BKL shares were trading 4.669% lower at AU$87.800 at 12:26 PM AEST.

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