Sector Update: Consumers

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Consumer shares were generally lower in pre-market trade Friday.

In consumer stocks news, Darden Restaurants ( DRI ) shares were down about 4% after it reported fiscal Q4 earnings that missed analysts' expectations while sales were in line with the Street view. DRI also announced a share buyback program of up to $700 million in shares.

The operator of restaurants such as Olive Gardena and LongHorn Steakhouse said earnings in the quarter ended May 25 fell to $86.5 million or $0.65 per share from $133.2 million or $1.01 the year earlier.

And, AutoNation ( AN ) shares were up more than 4% in pre-market trade Friday after Goldman Sachs raised its rating on the automotive retailer to Buy from Neutral.

AutoNation trades in a 52-week range of $41.89 to $57.93.



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This article appears in: Investing , Commodities

Referenced Stocks: DRI , AN

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