Consumer shares were generally flat in pre-market trade
In consumer sector news, Ann Inc (
) shares added more than 1% in recent pre-market trade after
reporting fiscal Q1 earnings that topped analysts'
ANN is trading in the upper half of the 52-week range between
$29.64 and $43.61.
The women's specialty retail fashion brand said earnings in the
quarter ended May 3, excludinga restructuring charge, fell to $0.33
per share from $0.44 the year earlier but exceeded the $0.31
average estimate from analysts polled by Capital IQ.
And, analysts at RBC Capital Markets have lowered their price
target on shares of natural and organic food company Annies Inc. (
) to $37 from $45 a share, while maintaining an outperform rating
on the stock.
The price target reduction comes the day after BNNY reported Q4
earnings that failed to meet analyst expectations.
And, Cott (
), a producer of beverages on behalf of retailers, brand owners and
distributors, said its U.K. business unit has acquired all
subsidiary companies of Aimia Foods, a private U.K.-based
food-and-beverage company, for a purchase price of at least $126
million and up to $140 million.
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