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

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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.

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

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