Markets

Consumer Sector Update for 06/08/2018: LVS, ZUMZ, LULU

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Top Consumer Shares:

WMT: -0.1%

MCD: -0.4%

DIS: -0.3%

CVS: flat

KO: +0.1%

PG: +-0.1%

Consumer shares were mostly lower ahead of the opening bell on Friday.

Expected movers:

- Las Vegas Sands ( LVS ): raised US term loan by $1.35 billion to support its share repurchase program and for general corporate purposes; authorized an increase in the size of its share repurchase program to $2.5 billion

- Zumiez ( ZUMZ ): reported narrower-than-expected fiscal Q1 loss

Other news:

- lululemon athletica ( LULU ): agreed to repurchase 3.3 million shares of its common stock in a private transaction with funds affiliated with Advent International

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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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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