Consumer stocks are higher today with shares of consumer staple
companies in the S&P 500 rising over 0.8% and shares of
consumer discretionary stocks in the S&P are ahead about
In company news, EveryWare Global Inc. (
) is down nearly 10% at $11.61 a share shortly before the closing
bell and the cookware seller announcing a secondary offering of 4
million shares of common stock by investment funds managed by
Monomoy Capital Partners and other shareholders, including certain
The selling shareholders also will make up to 600,000 additional
shares available to underwriters to cover possible overallotments.
EVRY will not receive any proceeds from the offering.
In other sector news,
(+) ULTA, Earns $0.70 per share in Q2, beating estimates by
$0.03. Revenue also tops forecasts with the personal care products
maker seeing same-store sales improve more than analysts were
(-) UA, Athletic apparel company cut to Neutral from Outperform
at Credit Suisse.
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