Consumer Discretionary Stocks News: Aristocrat Leisure (ALL)

Consumer Discretionary Stocks News: Aristocrat Leisure (ALL)Aristocrat Leisure Ltd (ASX:ALL) develops, manufactures and distributes gaming machines and systems in Australia, New Zealand, the Americas, Asia Pacific, South Africa and Europe.

ALL is the largest gaming machine company in Australia and the world’s second-largest slot machine maker.

ALL has been one of the shares to sell over the past two years given the macroeconomic challenges it has faced.

Today ALL reported a 1H11 net profit of $24.9 million, down 50% on-year due to the strong AUD and weak global market conditions.

ALL maintained its FY11 guidance of 10% – 20% net profit growth, saying new game releases in North America and Japan, and recent releases in Australia, would partially offset the impact of the strong AUD.

An interim dividend of 2.5 cents was declared.

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