Consumer Cos Down as Oil Rebounds - Consumer Roundup

Consumer companies fell as oil futures rebounded.

The average price of a gallon of gasoline in the U.S. was $4.09 on Thursday, according to AAA.

The price at the pump is likely to go up further if oil's resurgence continues.

Soda giant PepsiCo's revenue slashed prices on its signature snacks earlier this year, and there are signs it has helped the business.

French luxury group Kering expects to more than double its profit margin in the coming years as it pushes ahead with a plan to move on from a period of weakening sales, particularly at foundering flagship Gucci.

Deutsche Lufthansa will gradually cut capacity and ground inefficient aircraft to tackle extra costs derived from the Iran war and the impact of strikes.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

04-16-26 1709ET