Consumer Sector Update for 05/13/2019: JMIA, BUD, EVI, WMT, MCD, DIS, CVS, KO

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Top Consumer Stocks:

WMT: -1.37%

MCD: -0.77%

DIS: -1.59%

CVS: -1.29%

KO: -0.52%

Top consumer stocks were sinking in Monday's pre-market trading .

Early movers include:

(-) Jumia Technologies ( JMIA ), which was declining more than 10% as the e-commerce company posted a Q1 loss of EUR45.4 million ($51 million), wider than the loss of EUR34.2 million in the same period a year ago.

In other sector news:

(-) The European Commission fined Anheuser-Busch InBev ( BUD ) 200.4 million euros ($225.1 million) for breaching European Union antitrust rules by hindering cheaper imports of its Jupiler beer from the Netherlands into Belgium. InBev was recently down by more than 2%.

(=) EVI Industries ( EVI ) was unchanged after booking an EPS of $0.04 for the three months ended March 31, down from $0.09 for the same period a year ago, as selling, general, and administrative costs grew to $12.3 million from $9.3 million.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Business , Commodities
Referenced Symbols: JMIA , BUD , EVI , WMT , MCD

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