Consumer Cos Down on Spending Concerns - Consumer Roundup

Dow Jones
08/12

Consumer companies fell amid concerns about consumer spending ahead of key inflation data.

Used-home sales fell 1.7% in July as rising mortgage rates and home prices cooled demand.

Shares of Swiss sneaker maker On Holdings tumbled after it warned that it had slowed wholesale shipments due to weak demand for running shoes.

Pork producer Smithfield Foods cut its growth projections for the year, citing continued macroeconomic pressures, as sales fell during the second quarter.

In one adjustment to leaner times, pizza chain Domino's said it would produce a new single-serve rectangular pie.

 

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