Top Consumer Shares:
WMT: -0.17%
MCD: -0.17%
DIS: +0.19%
CVS: flat
KO: +0.17%
GE: +0.19%
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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
