Quantcast

Consumer Sector Update for 06/12/2019: PLAY, NEPT, BTI, WMT, MCD, DIS, CVS, KO


Shutterstock photo

Top Consumer Stocks:

WMT: +0.05%

MCD: -0.27%

DIS: -0.44%

CVS: -0.09%

KO: Flat

Consumer heavyweights were mostly lower in Wednesday's pre-market trading .

Stocks moving on news include:

(-) Dave & Buster's Entertainment ( PLAY ), which was declining by 17% after saying its fiscal Q1 net income was $42.4 million, or $1.13 per diluted share, improving year over year from $42.2 million, or $1.04 per diluted share, but missing consensus estimates of $1.14 per share.

(+) Neptune Wellness Solutions ( NEPT ) was advancing by 7% after saying that it has entered into a definitive long-term agreement to provide extraction, formulation and packaging services to The Green Organic Dutchman Holdings.

(-) British American Tobacco ( BTI ) was retreating by more than 4% after saying it expects a 4%-to-5% slide in US industry volume for full-year 2019, amid a global industry volume decline of 3.5%. The company noted, however, that US sales-to-retail volume is already down 5.3% in the year to date, and attributed the drop to higher gas prices and earlier cigarette price increases. The company said, however, that its full-year guidance is unchanged.

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.





This article appears in: Business , Commodities
Referenced Symbols: PLAY , NEPT , BTI , WMT , MCD



More from MT Newswires

Subscribe







MT Newswires
Contributor:

MT Newswires

Market News, Commodities












Research Brokers before you trade

Want to trade FX?