Consumer Cos Down on Spending Concerns - Consumer Roundup
Dow Jones
Aug 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.
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.