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Sector Update: Consumer

01/27/2021 | 08:50am
(MT Newswires) -- Consumer stocks were slipping in Wednesday's pre-bell trading.

Shares of staples companies in the S&P 500 (XLP) and consumer discretionary firms (XLY) were declining by more than 1% in recent trading.

VF (VFC) was shedding over 7% in value after posting Q3 earnings of $0.88 per diluted share, down from $1.16 a year ago. That fell below the consensus of analysts polled by Capital IQ of $0.93. On an adjusted basis, Q3 earnings were $0.93 per share, above the Street view of $0.90.

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