Top Consumer Stocks
Consumer stocks were mostly lower at mid-day Wednesday, with shares of consumer staples companies ( XLP ) in the S&P 500 down 1.1% while shares of consumer discretionary firms ( XLY ) in the S&P 500 were down 0.1%.
Among consumer stocks moving on news Wednesday:
+ Signet Jewelers ( SIG ) sank more than 19% after it reported Q4 adjusted EPS of $4.28, beating the $4.17 per share consensus of analysts polled by Capital IQ. For Q4 ended Feb. 3, revenue rose 1% year-over-year to $2.29 billion, beating expectations for $2.24 billion. Same-store sales fell 5.2% year-over-year.
In other sector news:
+ Unilever ( UL ) will probably give up its UK headquarters as the company relocates to its legal home turf in the Netherlands, according to a report from Sky News on Wednesday.
+ Walmart ( WMT ) is expanding its online grocery delivery service to more than 100 metro areas in the US by the end of the year as the world's biggest retailer continues to put more focus on its e-commerce business.
- Crocs (CROX) may not register to protect its plastic clogs in the European Union, according to a ruling by the General Court of the European Union.
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