Consumer stocks rose before the bell on Tuesday, with the Consumer Staples Select Sector SPDR Fund (XLP) gaining 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) recently rising 0.3%.
Conn’s (CONN) fell more than 1% after reporting a third-quarter adjusted net loss of $2.03 per diluted share, compared to $0.78 a year earlier. Two analysts surveyed by Capital IQ expected a loss of $1.46.
Mama’s Creations (MAMA) said it has commenced an underwritten secondary offering of nearly 5.63 million shares. Mama’s Creations was up more than 2% in recent premarket activity.
Churchill Downs (CHDN) said it has agreed to repurchase 1 million of its shares at $123.75 per share, for a total of approximately $123.8 million, in a privately negotiated deal with a subsidiary of the Duchossois Group. Churchill Downs was slightly lower before the bell.
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