Consumer Sector Update for 04/18/2019: PIR, SNBR, SKX, WMT, MCD, DIS, CVS, KO

Top Consumer Stocks:

WMT: +0.47%

MCD: Flat

DIS: -0.11%

CVS: +0.63%

KO: Flat

Top consumer stocks were mixed in Thursday's pre-bell trading.

Stocks moving on news include:

(-) Pier 1 Imports (PIR), which was more than 19% lower after the company said Q4 same-store sales decreased 13.7% and net sales decreased 19.5% to $412.5 million from the year-ago period. The CapIQ mean was for Q4 sales of $420.73 million.

(-) Sleep Number (SNBR) was declining nearly 14% as it reported fiscal Q1 earnings that topped but revenue that missed Wall Street expectations. EPS grew 54% to $0.80 for the period ended March 30, from $0.52 a year earlier.

(-) Skechers U.S.A (SKX) was down more than 13% after the company posted Q1 earnings of $0.71 per diluted share, down from $0.75 per share a year ago and below the $0.73 average estimate from analysts polled by Capital IQ.

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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