Markets

Consumer Sector Update for 10/01/2015: WFM,PLAY,CROX

Top Consumer Stocks

WMT -1.28%

MCD -0.69%

DIS -0.95%

CVS -0.63%

KO -0.97%

Consumer stocks were declining in afternoon trading, with shares of consumer staples companies in the S&P 500 falling 0.7% while shares of consumer discretionary firms in the S&P 500 were slipping 0.5%.

In company news, Whole Foods Market ( WFM ) shares fell Thursday after the grocery chain said it expects to record between $15 million to $22 million in pre-tax charges against its Q4 earnings tied to an upcoming round of job cuts.

Whole Foods on Monday said it will be eliminating around 1,500 positions, or about 1.6% of its workforce, as it works to lower prices and upgrade technology in response to falling sales.

WFM shares were down almost 2% at $31.11 apiece in recent trade, maintaining just a small margin over its session low of $31.02 a share.

In other sector news,

(+) PLAY, (+1.5%) Prices public offering of 6 mln shares of its common stock at $37 per share, a 2.2% discount to Wednesday's closing price.

(-) CROX, (-13.9%) Cut to Neutral by Overweight at Piper Jaffray, which also trimmed its price target for the stock by $5 to $12 a share.

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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