Sector Update: Consumer Stocks Mixed Pre-Bell Wednesday
Consumer stocks were mixed pre-bell Wednesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) 0.5% higher and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.7%. Dream Finders Homes (DFH) raised its takeover offer for rival Beazer Homes USA (BZH) to $32 in cash per Beazer share, from the previous cash offer of $29.25 per share that was submitted in June. Beazer Homes shares were up over 14% premarket. Estee Lauder (EL) approved an additional $197 million in restructuring and related charges, bringing total costs under a recovery and growth plan to $1.75 billion. Shares of Estee Lauder were down more than 2% pre-bell. Helen of Troy (HELE) shares were up more than 1% after the company raised its fiscal 2027 net sales guidance.
Consumer stocks were mixed pre-bell Wednesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) 0.5% higher and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.7%.
Dream Finders Homes (DFH) raised its takeover offer for rival Beazer Homes USA (BZH) to $32 in cash per Beazer share, from the previous cash offer of $29.25 per share that was submitted in June.
Beazer Homes shares were up over 14% premarket.
Estee Lauder (EL) approved an additional $197 million in restructuring and related charges, bringing total costs under a recovery and growth plan to $1.75 billion.
Shares of Estee Lauder were down more than 2% pre-bell.
Helen of Troy (HELE) shares were up more than 1% after the company raised its fiscal 2027 net sales guidance.