Top Consumer Shares:
Consumer shares are mixed in pre-bell trading.
In stocks news, Jamba (
) is down more than 18% after it said expects 2013 system-wide same
store sales to be flat to 1%, store-level margins to be 16% to 17%
and operating margin to be 1% to 2%.
Jamba noted the consumer spending slowdown reduced Q3 comparable
store sales comparisons for company stores by 3% to 4%.
And, Navistar International Corp. (
) has priced its private offering of $200 million of 4.50% senior
subordinated convertible notes due 2018. NAV is flat at $36.50.
Finally, J.C. Penney (
) is reversing early pre-market losses and moving nearly 7% higher
after releasing a progress report on its turnaround, noting Sept.
comp store sales are up 580 basis points over August and down 4%
from year ago levels. Sales on jcp.com are up 25.3% in Sept., vs.
10.8% in August.
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