Consumer Sector Update for 06/13/2019: RH, NETS, LULU, WMT, MCD, DIS, CVS, KO

Top Consumer Stocks:

WMT: +0.17%

MCD: Flat

DIS: +1.50%

CVS: +0.41%

KO: -0.70%

Consumer majors were mixed in Thursday's pre-bell trade.

Stocks moving on news include:

(+) RH (RH), which was surging by more than 25% after it reported fiscal Q1 results that topped Wall Street expectations and boosted its outlook for its current fiscal year. Adjusted EPS increased 53% to $1.85 for the period ended May 4, from $1.21 a year earlier.

(+) Netshoes (Cayman) (NETS) was up more than 9% after the company announced an amended merger deal with Magazine Luiza, which includes an increase in the purchase price to $3.70 per share from $3.00 per share.

(+) Lululemon Athletica (LULU) was advancing more than 6% after reporting Q1 earnings of $0.74 per share, up from $0.55 per share in the year-ago quarter and better than the analyst consensus of $0.70 per share on Capital IQ. Revenue was $782.3 million, up 20% from Q1 last year and ahead of expectations of $756 million.

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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