Sector Update: Consumers Mixed Pre-Market with Walgreen up on June Sales

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Top Consumer Shares:

WMT: flat

MCD: +0.17%


DIS: -0.39%

CVS: flat

KO: flat

GE: +0.15%

Consumer shares were mixed in pre-market trade Thursday.

In consumer stocks news, Walgreen Co ( WAG ) sales rose 8.9% in June to $6.28 billion.

WAG is trading near the top-end of the 52-week range between $43.31 and $76.39.

Comparable store sales rose 7.5% with calendar shift days positively affecting the total by 1.7 percentage points.

Total front-end sales rose 1.8% from a year ago while comparable front-end sales rose 1.3%. Customer traffic meanwhile slipped 2% and basket size rose 3.3%.

And, International Speedway ( ISCA ), the operator of the Daytona International Speedway circuit, posted fiscal Q2 revenue and EPS that beat expectations, helped by higher revenue from broadcasting rights and stable admissions.

Q2 adjusted income was $23.4 million, or $0.50 per diluted share, compared with $23.7 million, or $0.51 per diluted share a year ago, beating estimates for $0.49, according to Capital IQ.



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.

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


This article appears in: Investing , Commodities

Referenced Stocks: WAG , ISCA

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