Consumer Sector Update for 04/29/2024: DPZ, YUM, GIS, XLP, XLY

Consumer stocks were advancing pre-bell Monday with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) 1.8% higher recently.

Domino's Pizza (DPZ) was up nearly 5% after it reported higher fiscal Q1 earnings and revenue.

Yum! Brands (YUM) was 0.8% higher after saying it has secured a $500 million term loan A and a $1.5 billion revolving credit facility.

General Mills (GIS) is exploring sale of its yogurt business in North America that could be worth over $2 billion, Reuters reported Friday, citing people familiar with the situation. General Mills was up 0.2% in recent premarket activity.

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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