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Sector Update: Consumer Consumers

Consumer shares were flat to lower in pre-market trade on Wednesday.

In consumer sector news, Walgreens ( WAG ) reported May sales of $6.57 billion, an increase of 6.0% from $6.19 billion for the same month in fiscal 2013.

Total front-end sales increased 3.0% in May compared with the same month in fiscal 2013, while comparable store front-end sales increased 2.6 percent. Customer traffic in comparable stores decreased 0.5% while basket size increased 3.1%.

And, ABM Industries ( ABM ) reported adjusted EPS for its fiscal Q2 that missed analysts' expectations.

Shares of the New York-based company were down 3.3% at $26.00. The stock had lost 1.8% to $26.89 at the close of regular trading on Tuesday, expanding this year's loss to 6%.

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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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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