VRA

Vera Bradley, Inc.

3.81
USD
-0.26%
3.81
USD
-0.26%
2.84 10.38
52 weeks
52 weeks

Mkt Cap 129.62M

Shares Out 34.02M

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Consumer Sector Update for 09/21/2022: WMT,GIS,COTY,VRA,QRTEA

Consumer stocks were ending broadly mixed in midweek trading, with the SPDR Consumer Staples Select Sector ETF (XLP) climbing less than 0.1% and the SPDR Consumer Discretionary Select Sector ETF (XLY) falling 1.7%, reversing an earlier rise. In company news, Walmart (WMT) rose 1.2% after Wednesday presenting a cautious hiring plan for the upcoming holiday season, with the retailer expecting to hire around 40,000 workers this year compared with 150,000 holiday hires last year. Coty (COTY) gained 3.7% after Wednesday saying it expects to double sales from its skincare business over FY22 levels to a range of $500 million to $600 million by FY25, with further acceleration expected in following years. General Mills (GIS) added 5.9% after reporting non-GAAP net income for its fiscal Q1 exceeding Wall Street forecasts and also raising its FY23 earnings and sales guidance. Excluding one-time items, the packaged foods giant earned $1.11 per share during the three months ended Aug. 31, improving on a $0.99 per share profit a year ago and beating the Capital IQ consensus by $0.11. Among decliners, Vera Bradley (VRA) slipped 2.6%. The fashion accessories company overnight said Jacqueline Ardrey will join the executive team on Nov. 1 as its new president and CEO, succeeding Robert Wallstrom, who is retiring but will remain through the end of the year to assist with the transition. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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