Consumer stocks were mixed pre-bell Monday as the Consumer Staples Select Sector SPDR Fund (XLP) was up 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) was recently down 0.8%.
Lululemon athletica (LULU) shares were up more than 2% after the company said it now expects fiscal Q4 diluted earnings per share of $5.81 to $5.85, compared with the previous guidance range of $5.56 to $5.64.
Amer Sports (AS) shares were over 10% lower even after the company said it expects revenue to grow at the high end of the previous guidance range of 16% to 17% for full year 2024.
Abercrombie & Fitch (ANF) said it now expects fiscal Q4 net sales to increase 7% to 8%, up from its prior outlook of 5% to 7% growth. Abercrombie & Fitch shares fell past 9% premarket.
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