Sector Update: Consumer Stocks Advance Premarket Wednesday

MT Newswires Live

2024-11-27

Consumer stocks were advancing premarket Wednesday with the Consumer Staples Select Sector SPDR Fund 0.3% higher (XLP) and the Consumer Discretionary Select Sector SPDR Fund (XLY) recently up 0.3%

Urban Outfitters (URBN) shares advanced by nearly 13% after the company reported higher Q3 earnings and net sales.

Guess? (GES) shares fell nearly 8% after the company reported a decline in fiscal Q3 adjusted earnings and lowered its fiscal 2025 outlook for adjusted earnings per share and revenue.

Mondee Holdings (MOND) shares were down more than 10% after the company said it received a Nasdaq non-compliance notice due to a delay in filing its 10-Q quarterly report for the three months ended Sept. 30. The company also said it does not intend to submit a plan to Nasdaq to regain compliance.

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(GES) shares fell nearly 8% after the company reported a decline in fiscal Q3 adjusted earnings and lowered its fiscal 2025 outlook for adjusted earnings per share and revenue.</p><p><a href=\"https://laohu8.com/S/MOND\">Mondee Holdings</a> (MOND) shares were down more than 10% after the company said it received a Nasdaq non-compliance notice due to a delay in filing its 10-Q quarterly report for the three months ended Sept. 30. 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