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Consumer Sector Update for 06/20/2019: CCL, CUK, DRI, GNC, WMT, MCD, DIS, CVS, KO

Top Consumer Stocks:

WMT: +0.02%

MCD: +0.46%

DIS: +0.90%

CVS: -0.31%

KO: +0.39%

Consumer giants were mixed in Thursday's pre-bell trading.

Early movers include:

(-) Carnival (CCL, CUK), which was down 9% as the cruise ship operator lowered its full-year earnings expectations. For full-year 2019, the company expects adjusted earnings of $4.25 to $4.35 per share, down from previously issued guidance of $4.35 to $4.55 per share. That's below the Street forecast of $4.54 per share.

(-) Darden Restaurants (DRI) was declining by around 5% after the company posted fiscal Q4 adjusted earnings of $1.76 per share, up from $1.39 in the comparable period a year ago. The result topped the estimate of $1.73 from analysts polled by Capital IQ.

(=) GNC (GNC) was flat after it launched sales of the CBD-based Koios performance beverage line at 210 franchise locations. The launch will include two GNC-exclusive flavors.

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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