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

By: MT Newswires
Posted: 7/3/2014 8:36:00 AM
Referenced Stocks: WAG;ISCA

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.