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Sector Update: Consumer Stocks Mixed Pre-Bell Tuesday
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Sector Update: Consumer Stocks Mixed Pre-Bell Tuesday
Mar 19, 2024 6:46 AM

09:16 AM EDT, 03/19/2024 (MT Newswires) -- Consumer stocks were mixed pre-bell Tuesday with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.1% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) recently down 0.4%.

Beyond Meat ( BYND ) was over 5% lower after it filed a registration statement with the US Securities and Exchange Commission for the potential sale of up to $250 million of its securities from time to time.

Caleres ( CAL ) was down more than 3% after saying it expects its fiscal Q1 adjusted earnings per share to be in line with Q4 adjusted EPS of $0.86. Analysts polled by Capital IQ expect $1.07.

Unilever ( UL ) was up more than 2% after saying it plans to spin off its ice cream unit and cut 7,500 jobs under a new plan to rein in costs.

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