Sector Update: Consumer Shares Mixed Pre-Market; Gap May Sales Increase 4%

By
A A A

Top Consumer Shares:

WMT: +0.19%

MCD: flat

DIS: +0.19%

CVS: flat

KO: flat

GE: +0.37%

Consumer shares were mixed in pre-market trade on Friday.

In consumer stocks news, Hertz Global Holdings ( HTZ ) said its Q1 results are likely to be below consensus estimates of $0.09 per share in earnings on revenue of $2.53 billion (Capital IQ). The company cited an accounting review for the change in guidance.

And, Men's Wearhouse ( MW ) said it plans to issue up to $600 million of senior notes due 2022 in a private offering, with the retailer of men's apparel planning to use the proceeds to pay a portion of the approximately $1.8 billion purchase price for its acquisition of Jos. A. Bank Clothiers ( JOSB ).

MW was inactive in recent pre-market trading after closing Thursday at $51.35, in a 52-week range of $32.46 to $58.80.

And, Gap ( GPS ) reported May net sales were up 4% from a year prior. GPS was steady at $41.19 in pre-market trade.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: HTZ , MW , JOSB , GPS

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

75%
100%
75%

Most Active by Volume

88,066,694
  • $97.19 ▲ 2.61%
58,241,731
  • $71.29 ▲ 2.92%
51,058,864
  • $44.87 ▲ 0.09%
48,927,829
  • $28.75 ▲ 0.81%
46,551,917
    $15.52 unch
40,249,498
  • $3.46 ▼ 0.57%
38,633,031
  • $22.43 ▼ 9.63%
38,240,825
  • $34.71 ▲ 3.30%
As of 7/23/2014, 04:04 PM