Sector Update: Consumer Stocks Mixed Premarket Friday

MT Newswires Live
06-20

Consumer stocks were mixed premarket Friday as the Consumer Staples Select Sector SPDR Fund (XLP) was slightly lower and the Consumer Discretionary Select Sector SPDR Fund (XLY) was advancing by 0.7% recently.

Darden Restaurants (DRI) shares were up more than 5% after the company reported higher fiscal Q4 adjusted net earnings and sales. The company also increased its quarterly cash dividend and announced a new $1 billion share repurchase program.

CarMax (KMX) shares were up more than 8% after the company reported higher fiscal Q1 net earnings and total revenue.

Kroger (KR) shares were up more than 2% after the company reported higher fiscal Q1 adjusted earnings.

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