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Consumer Cos Down After Fed's Statement -- Consumer Roundup

01/26/2022 | 05:39pm EDT

Shares of retailers and other consumer companies fell in the wake of the Federal Reserve's policy statement, as a surge in Treasury yields foreshadowed higher mortgage and credit-card rates.

Shares of consumer-products giant Kimberly-Clark fell after it said its fourth-quarter profit was hurt by rising costs, and provided financial forecasts that fell short of what Wall Street had expected.

Mattel has won the license to produce toys based on Walt Disney's princess lineup and from the recent blockbuster "Frozen" franchise, wresting the properties back from its rival Hasbro, according to Mattel executives.

Purchases of new single-family houses in the U.S. increased in December for the second consecutive month, increasing at the most robust rate since March 2021, as the housing market remained strong.

Shares of BJ's Wholesale Club Holdings is joining the rush by retailers seeking to solve supply-chain snarls by taking greater control of their logistics operations and buying up distribution centers.


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

01-26-22 1738ET

Stocks mentioned in the article
ChangeLast1st jan.
BJ'S WHOLESALE CLUB HOLDINGS, INC. 4.36% 54.57 Delayed Quote.-21.92%
HASBRO, INC. 0.31% 84.96 Delayed Quote.-16.78%
MATTEL, INC. -0.35% 23.06 Delayed Quote.7.33%
S&P 500 1.86% 3973.75 Real-time Quote.-18.14%
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