Consumer Cos Up on Holiday-Sales Optimism -- Consumer Roundup
December 04, 2024 at 06:44 pm EST
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Consumer companies rose amid optimism about holiday sales.
Sportswear chain Foot Locker cut its outlook for the year as more promotions and weak spending pushed the company to post a loss in the third quarter.
Discount carrier JetBlue Airways raised its revenue projection for the year after bookings in November and December were higher than anticipated immediately following the U.S. presidential election.
Shares of pet-food purveyor Chewy were headed lower after the retailer's fiscal third-quarter earnings missed analysts' estimates.
Hormel shares were set to fall after the parent of brands including Jennie-O and Spam posted weaker-than-expected sales for its fiscal fourth quarter, weighed down by a continued slump in turkey prices.
The Institute for Supply Management said its services-activity purchasing managers' index ticked down to 52.1 in November from 56.0 in October, well below expectations of 55.6 from economists polled by The Wall Street Journal.
Chewy, Inc. is a pure-play e-commerce company geared towards pet products and services for dogs, cats, fish, birds, small pets, horses, and reptiles. The Company's brands include A Pet Hub, Bark and Slumber, B&G Martin, Babyliss Pro Pet, C&F, Nutro, ORIJEN, NexGard, Frisco and others. It offers quality pet food, treats and supplies, and pet healthcare products. The Company's product offerings include Food products such as dry food, wet food, veterinary diets and food toppings; Treat products, such as treat products, such as soft and chewy treats, biscuits, cookies and crunchy treats, dental treats, jerky treats, bones, bully sticks and natural chews; Vitamin and supplements, such as Hip & Joint, Digestive Health & Probiotics, Multivitamins, Heart & Liver and others, and Healthcare products such as Dental Care, First Aid & Recovery, Ear Care, Eye Care, Milk Replacers, DNA Tests and others. It serves its customers through its retail Website, www.chewy.com, and its mobile applications.
CHEWY, INC. 
