Sector Update: Consumer

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Consumer shares are fairly flat in pre-bell trading today. In consumer sector news, McDonald's Corporation ( MCD ) says global comparable sales increased 0.5% in November, although sales fell by 0.8% in the U.S.

And Layne Christensen ( LAYN ) is down 5% as it reports Q3 revenue of $216.5 mln, down from $281.3 mln in the year ago quarter and below the analyst consensus of $244.6 mln on Capital IQ. Pre-tax loss was $0.99, vs. year ago income of $0.38 per share. Net loss was $0.80 per share. The analyst view was for a loss of $0.34 per share.

Post Holdings ( POST ) said it has agreed to acquire Golden Boy Foods and Dymatize Enterprises in two transactions totaling $680 million in a move to expand the company into the private label and active nutrition categories.

Post will pay C$320 million ($300 million) for Golden Boy on a cash-free, debt-free basis. Golden Boy had net sales of C$164 million in the nine months to Sept 30.



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This article appears in: Investing , Commodities

Referenced Stocks: LAYN , MCD , POST

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