Consumer Sector Update for 02/27/2024: NCLH, CRI, SJM, XLP, XLY

Consumer stocks were mixed pre-bell Tuesday, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.6%.

Norwegian Cruise Line Holdings (NCLH) was up more than 9% after saying its Q4 adjusted loss narrowed and revenue during the period increased.

Carter's (CRI) was over 3% higher after it reported Q4 adjusted earnings of $2.76 per diluted share, up from $2.29 a year earlier. Analysts polled by Capital IQ expected $2.61.

The J.M. Smucker (SJM) was up 2% after it reported higher fiscal Q3 adjusted earnings and net sales.

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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