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Consumer Sector Update for 06/20/2017: WMT, MCD, DIS, CVS, KO, PERF, JAKK, PLCE


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Top Consumer Shares:

WMT: +0.3%

MCD: +0.6%

DIS: -1.1%

CVS: +0.5%

KO: +0.9%

Consumer shares were mostly firmer at session's half Tuesday.

In consumer stocks news, Perfumania Holdings ( PERF ) was up 1.3% after the company said in a regulatory filing it had contacted the Nussdorf family in May to discuss alternative strategies to enhance shareholder value and now, the family is considering potential alternatives in connection with a potential restructuring of the operations and capital structure of company, in which, among other things, members of the family or related persons would make an investment in the firm. A plan could involve the family buying the company at $2 per share in cash in a restructuring.

In other sector news,

(+) JAKK (2.6%) Retires $12 million of its 2018 convertible senior notes

(-) PLCE (3.6%) Enters into development agreement with Gill Capital covering Indonesia, Singapore, Thailand and The Philippines

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: WMT , MCD , DIS , CVS


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