financetom
Business
financetom
/
Business
/
Sector Update: Consumer Stocks Advance Premarket Friday
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Consumer Stocks Advance Premarket Friday
May 31, 2024 6:46 AM

09:19 AM EDT, 05/31/2024 (MT Newswires) -- Consumer stocks were advancing premarket Friday as the Consumer Staples Select Sector SPDR Fund ( XLP ) was up 0.2% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) was marginally higher.

Nordstrom ( JWN ) fell by more than 1% after it reported a fiscal Q1 adjusted net loss of $0.24 per diluted share, compared with earnings of $0.07 per share a year earlier.

BRP (DOOO) was down by nearly 4% after it reported lower fiscal Q1 normalized earnings and revenue. The company also lowered its EPS and revenue outlook for the full year.

Flutter Entertainment ( FLUT ) said its primary listing is now on the New York Stock Exchange. Flutter Entertainment ( FLUT ) was 0.3% lower pre-bell.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
TerraVest Names Guillaume Cloutier as New CFO
TerraVest Names Guillaume Cloutier as New CFO
Nov 3, 2025
07:03 AM EST, 11/03/2025 (MT Newswires) -- TerraVest Industries ( TRRVF ) , which rose near 3% last Friday, over the weekend announced the appointment of Guillaume Cloutier as chief financial officer. Cloutier assumes the CFO role from Marilyn Boucher. The company said that Cloutier is a highly accomplished executive with extensive experience in finance, strategy and business transformation. He...
Xanadu Quantum to go public via $3.6 billion SPAC deal
Xanadu Quantum to go public via $3.6 billion SPAC deal
Nov 3, 2025
Nov 3 (Reuters) - Xanadu Quantum Technologies will go public in the United States through a merger with blank-check firm Crane Harbor Acquisition Corp ( CHAC ) in a $3.6 billion deal, the companies announced on Monday. ...
Payroll startup Deel names former Intuit executive Kauffman as CFO for IPO goal
Payroll startup Deel names former Intuit executive Kauffman as CFO for IPO goal
Nov 3, 2025
Nov 3 (Reuters) - Deel on Monday appointed former Intuit executive Joe Kauffman as president and chief financial officer to support the payroll startup's possible plans to go public as soon as next year. Kauffman succeeds founding CFO Philippe Bouaziz, who will take on the newly created role of executive chairman and chief strategy officer, said the Andreessen Horowitz-backed startup,...
Beyond Meat delays quarterly earnings report to November 11
Beyond Meat delays quarterly earnings report to November 11
Nov 3, 2025
(Reuters) -Beyond Meat ( BYND ) said on Monday it is delaying its third-quarter results report by a week as it requires more time to quantify an impairment charge related to some of its assets. The company, whose shares have recently seen a meme-stock frenzy, will now report its quarterly results on November 11, instead of its November 4 schedule...
Copyright 2023-2026 - www.financetom.com All Rights Reserved