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Sector Update: Consumer Stocks Flat to Higher Pre-Bell Thursday
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Sector Update: Consumer Stocks Flat to Higher Pre-Bell Thursday
Sep 5, 2024 9:14 PM

09:06 AM EDT, 09/05/2024 (MT Newswires) -- Consumer stocks were flat to higher pre-bell Thursday with the Consumer Staples Select Sector SPDR Fund ( XLP ) inactive and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) 0.5% higher recently.

BRC (BRCC) shares were up over 3% amid a sales and distribution agreement with Keurig Dr Pepper ( KDP ) under which the latter will sell and distribute Black Rifle Energy beverages in its company-owned direct store territories across the US.

Shoe Carnival ( SCVL ) shares were up over 2% after the company reported higher fiscal Q2 adjusted earnings and net sales. The company also narrowed its guidance for fiscal 2024 adjusted EPS and net sales.

G-III Apparel Group ( GIII ) shares were over 1% higher after the company reported a fiscal Q2 non-GAAP net income of $0.52 per diluted share, up from $0.40 a year earlier. The company also raised its outlook for fiscal 2024 non-GAAP net income per share.

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