Sector Update: Consumer Shares Lower Pre-Market
Top Consumer Shares:
Consumer shares were lower in pre-market trade Thursday, weighed along with the broader stock market.
In consumer stocks news, Blyth ( BTH ) reported a bigger Q2 loss amid a 25% decline in sales due to ViSalus's decline in North American promoters versus the prior year.
The designer and marketer of candles and accessories for the home, as well as health, wellness and beauty products sold through direct selling and direct marketing channels said its Q2 net loss widened to $4.89 million or $0.30 per diluted share from a loss of $3.19 million or $0.20 the year earlier. Sales dropped to $157.79 million from $211.73 million.
And, Burger King Worldwide ( BKW ) reported that financial results for Q2 ended June 30 topped analysts' expectations, as global comparable sales growth and new restaurant openings helped drive system-wide sales.
The fast food hamburger restaurant posted Q2 net income of $75.1 million or $0.21 per share, compared with the prior-year.
Finally, Bed Bath & Beyond ( BBBY ), a chain of home furnishing retail stores, has been downgraded by analysts at Oppenheimer to a perform rating from outperform.