QRTEA

Liberty Interactive Corporation - Series A QVC Group Common Stock

2.16
USD
-7.69%
2.16
USD
-7.69%
1.50 8.55
52 weeks
52 weeks

Mkt Cap 862.02M

Shares Out 399.08M

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

Consumer stocks were broadly higher in midweek trading, with the SPDR Consumer Staples Select Sector ETF (XLP) climbing 1.2% and the SPDR Consumer Discretionary Select Sector ETF (XLY) rising 0.2%. In company news, General Mills (GIS) added 7% 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. Coty (COTY) gained 5.8% 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 and with further acceleration expected in following years. Vera Bradley (VRA) slipped 1.1%. 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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