Markets

Sector Update: Consumer

Consumer shares were generally mixed in pre-market trade Thursday.

In consumer sector news, Costco ( COST ) reported Q3 earnings of $1.07 per share, up from $1.04 per share last year but two cents shy of the analyst consensus on Capital IQ. Sales for the quarter were up 7% to $25.2 billion, vs. the Street view of $25.76 billion.

Total comparable sales for the quarter were up 4%, and excluding gas and foreign exchange, comp sales were up 6%.

And, Popeyes Louisiana Kitchen ( PLKI ) shares were up about 2% in pre-market trade after the franchisor and operator of Popeyes restaurants late Wednesday lifted its earnings guidance for the fiscal full year and reported better-than-expected results in the first quarter.

Finally, coverage of discount retailer Dollar General ( DG ) has been downgraded by analysts at Sterne Agee to a neutral rating from a buy.

The firm also lowered its price target on the stock to $58 from $63 a share. In today's early session, shares of DG are steady at $54.60, amid a 52-week spread of $48.61 - $62.93.

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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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