Sector Update: Consumer

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Consumer shares are mixed in pre-bell trading.

In stocks news, Jamba ( JMBA ) is down more than 18% after it said it 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. ( NAV ) 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 ( JCP ) 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.



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.

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This article appears in: Investing , Commodities

Referenced Stocks: JCP , JMBA , NAV

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