Consumer Cos up as Traders Shrug Off Pepsi Warning - Consumer Roundup

Dow Jones
Jul 10

Consumer companies rose as traders sloughed off a warning about discretionary spending from one major snack maker.

The war-related spike in oil and gasoline prices took a toll on PepsiCo's earnings. Chief Executive Ramon Laguarta said the Iran war had a meaningful impact on sales of the company's snacks and beverages during the latest quarter.

Shares of some sellers of staples, including Walmart and Target, fell slightly.

Used-home sales rose 2.8% in June from a year earlier to a seasonally adjusted annual rate of 4.09 million homes sold, the National Association of Realtors said.

German fashion brand Hugo Boss asked shareholders to reject British retail firm Frasers Group's $2.2 billion takeover bid, saying it undervalued the company.

 

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

July 09, 2026 16:59 ET (20:59 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10