fiscal

David Sandler, President and CEO said, "I'm absolutely delighted with our performance and the strong financial results that our team delivered, driven by excellent execution, stronger demand across our customers than originally an

MSC Industrial Direct Co (NYSE:MSM) reported Q2 EPS of $0.78, beating the consensus estimate for a $0.70 per share profit. Revenue for the quarter was up 22.2% to $483.4 million, beating the consensus estimate for $475.7 million.

In consumer sector ETFs, the SPDR S&P Retail (XRT) is up 1.0%.

In mid-day news, shares of American Apparel are down after the Los Angeles-based clothing company said the shortfall in its cash may force it to seek bankruptcy protection, Bloomberg reported.

Two American Apparel board members from lender Lion Capital resigned to evaluate the investment, the report said, citing a regulatory filing.

American Apparel shares are down 15.9%, or $0.15, to $0.81.

Consumer shares are higher in mid-day trading,while American Apparel (APP) may have to file for bankruptcy protection.

James H. Morgan, President and Chief Executive Officer, commented: "In fiscal 2011, Krispy Kreme generated operating income, excluding impairment and lease termination costs, of $19.2 million, which was at the high end of our $17

Krispy Kreme Doughnuts (NYSE:KKD) reported a Q4 loss of $0.02 per share. Revenues for the quarter rose 5.7% to $91.7 million, missing consensus estimates of $92.55 million.

Comparable store unit sales increased 12% in the quarter from the year earlier period.

Tom Folliard, president and CEO, said, "We are pleased to report strong fourth quarter and fiscal year results. Comparable store used unit sales increased 12% in the fourth quarter, despite facing the toughest comparison of the ye

CarMax, Inc. (NYSE:KMX) reported Q4 EPS today of $0.39, vs. the consensus estimate of $0.38 per share. Revenue was up 22.9% year-over-year to $2.25 billion, beating the consensus estimate for $2.17 billion.

Sales of $2.26 billion are up from $2.09 billion a year earlier. The Street looked for $2.26 billion.

The company guides for Q3 EPS of $0.92 to $0.97 and FY EPS at $3.13 to $3.23. The Street is at $0.94 and $3.12, respectively.

Family Dollar Stores Inc. (FDO) reports Q2 EPS of $0.99 compared to $0.82 a year earlier and topping the Thomson Reuters mean analyst estimate for $0.97.

The company said that Oxccidental saw output to be 29,000 barrels of oil equivalent per day less in the quarter.

Still Occidental shares are up 2.06%, or $2.04, to $102.91.

Shares of Occidental Petroleum (OXY) are higher after the the company cut its production outlook for the first quarter, citing unrest in Yemen and Libya, reduced capital spending in Iraq and weather in the US.