Sector Update: Consumer Shares Mixed Pre-Market; Men's Wearhouse Down, Pushed to Merge with Jos. A. Bank Clothiers


Shutterstock photo

Top Consumer Stocks:

WMT: flat

MCD: -0.32%

DIS: -0.03%

CVS: flat

KO: flat

GE: +0.11%

Consumer shares are mixed in pre-bell trading.

Among the major movers in consumers this morning, shares of The Men's Wearhouse, Inc. ( MW ) are now down about 1% at $45.65 in pre-market trade, coming back from steep earlier losses, amid indications shareholders will push the company to complete a merger with clothing company Jos. A. Bank Clothiers, Inc. ( JOSB ).

The stock earlier fell as much as 11% to a pre-bell low of $41 after Jos. A terminated its $48 per share all-cash proposal to purchase the specialty retailer of men's suits. JOSB is flat at $50.31.

And, American Apparel ( APP ) has plummeted about 8% at $1.05 this morning after it reported a Q3 loss per share of $0.13, ex non-recurring items, a wider loss than the $0.06 per share average estimate by two analysts on Capital IQ.

Revenues of $164.54 million missed the average estimate of $168.81 million. Comparable sales for the quarter was up 2%.

This compares to a loss per share of $0.05 on revenues of $162.16 million in the same quarter a year ago.

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

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

This article appears in: Investing Commodities
Referenced Stocks: APP , JOSB , MW

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by