Consumer shares were mixed in early morning trading Friday, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) 0.8% higher recently.
Vestis (VSTS) reported lower fiscal Q1 adjusted earnings and revenue and also said it has named Kelly Janzen its chief financial officer, starting Feb. 14. The company's shares fell more than 12%.
Oatly (OTLY) shares fell 7.3% after it said it will change the ratio of its American Depositary Receipts to ordinary shares from one ADR per one share to one ADR per 20 shares.
PLBY Group (PLBY) shares rose 32% after it said it has converted 25% of its outstanding Series B Convertible Preferred Stock into common stock to streamline its balance sheet and reduce leverage.
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