Markets

Sector Update: Consumers Flat Pre-Market; Conn's up 8% on Q1 Results

Top Consumer Shares:

WMT: flat

MCD: +0.02%

DIS: +0.29%

CVS: flat

KO: +0.10%

GE: +0.15%

Consumer shares were generally flat in pre-market trade Monday.

In consumer sector news, Conn's Inc ( CONN ) shares were up 8% after it reported fiscal Q1 earnings and sales that exceeded the street's average estimates while reaffirming its guidance for fiscal 2015.

The retailer of electronics, home appliances, furniture and mattresses said adjusted diluted earnings in the quarter ended April 30 rose 31.1% to $0.80 per share compared to the $0.73 average estimate from analysts polled by Capital IQ. Sales rose 33.6% to $335.4 million, also exceeding he $329 million consensus estimate.

And, Marriott International ( MAR ) says it has plans to significantly grow its global portfolio of luxury and lifestyle brands.

Accounting for nearly 25% of the company's system-wide pipeline, Marriott expects to add more than 200 luxury and lifestyle hotel projects over the next several years, reflecting over $15 billion of investment by the company's owners and franchisees.

And Cedar Fair ( FUN ) shares are up about 1% pre-market after a positive Barron's article that said its value could increase about 20% over the next year.

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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