Top Consumer Shares:
Consumer shares were mixed in pre-market trade on Friday.
In consumer stocks news, Hertz Global Holdings (
) 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
And, Men's Wearhouse (
) 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
MW was inactive in recent
after closing Thursday at $51.35, in a 52-week range of $32.46 to
And, Gap (
) reported May net sales were up 4% from a year prior. GPS was
steady at $41.19 in pre-market trade.
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