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Sector Update: Consumers

Consumer shares were lower in pre-market trade Monday, weighed along with the broader stock market, which was down on concerns over political tension in Ukraine and Russia.

In consumer sector news, Nu Skin Enterprises ( NUS ) shares were down 9% in pre-market trade Monday after it reported both Q4 revenue and Q1 guidance that fell short of the Street view.

For Q1 2014, the company estimates revenue growth of 20% to 24%, or $650 to $670 million in revenue, and earnings of between $0.90 to $0.94. But the Street called for revenue of $756 million and Q1 earnings of $1.32 per share, according to Capital IQ estimates.

And, The Men's Wearhouse ( MW ) confirmed that it entered into a non-disclosure agreement with Jos. A. Bank Clothiers ( JOSB ) on Saturday night, March 1, under which the companies have agreed to exchange certain confidential information and to work in good faith to evaluate a potential combination, and that Men's Wearhouse has received a draft merger agreement from Jos. A. Bank.

Men's Wearhouse noted in a statement that its existing cash tender offer for $63.50 would provide Jos. A. Bank shareholders with a substantial premium and immediate value, and that as previously announced, Men's Wearhouse is prepared to increase its offer price to $65 per share if Jos. A. Bank can demonstrate or Men's Wearhouse can discover additional value through discussions or limited due diligence.

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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