Consumer Sector Update for 05/29/2019: GOOS, ANF, CPRI , WMT, MCD, DIS, CVS, KO

Top Consumer Stocks:

WMT: -0.41%

MCD: -0.59%

DIS: -0.61%

CVS: -0.57%

KO: -0.33%

Leading consumer stocks were retreating pre-bell Wednesday.

Stocks moving on news include:

(-) Canada Goose Holdings (GOOS), which was slumping by more than 16% as the luxury apparel retailer posted fiscal Q4 adjusted earnings of CAD0.09 ($0.07) per share, flat with CAD0.09 in the same period a year ago and exceeding the estimate of CAD0.05 from analysts polled by Capital IQ.

(-) Abercrombie & Fitch (ANF) was sinking by 19% as the retailer posted a fiscal Q1 loss of $0.29 per share, narrower than the loss of $0.56 per share in the comparable period a year ago. Analysts polled by Capital IQ expected a loss of $0.43 per share.

(-) Capri Holdings (CPRI ) was declining more than 8% after saying its fiscal Q4 adjusted earnings were $0.63 per share, unchanged from the prior-year period and higher than the $0.61 earnings-per-share estimate provided 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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