Markets

Sector Update: Consumer

Consumer shares were mixed in pre-market trade on Thursday after several retailers reported May sales figures, which were in general on the rise.

Costco ( COST ) reported May net sales rose 8% over a year prior, while Zumiez ( ZUMZ ) May sales rose 3.6%.

The Cato Corp. ( CATO ) reported sales increased 6% in May over a year prior.

The retailer reported sales of $86.4 million for the four weeks ended May 31, 2014, a 6% increase versus sales of $81.7 million for the four weeks ended June 1, 2013. Same-store sales for the month increased 3%.

In other consumer stocks news, Vera Bradley ( VRA ) shares tumbled 16% in Thursday's pre-market session, despite higher-than-expected fiscal Q1 earnings from the handbags-and-accessories designer, as its revenue fell more than expected and the company forecast Q2 results below analysts' estimates while cutting its guidance for the fiscal year.

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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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