VSConsumer stocks were tightly mixed heading into Friday’s market, with the SPDR Consumer Staples (XLP) fund gaining 0.1% while the SPDR Consumer Discretionary (XLY) fund was down 0. 03%.
Shares of Designer Brands (DBI) gained around 2.2% after the company restored its quarterly dividend to $0.05 per share and raised its earnings outlook for fiscal year 2022 to $1.80 from 1, $90 per share, down from $1.75 to $1.85 per share. Analysts polled by Capital IQ expect normalized EPS of $1.82.
Shares of Sunlands Technology Group (STG) edged higher after posting a fourth-quarter profit from a net loss a year earlier, despite new student enrollment falling 22.7% year-on-year ‘other.
Keurig Dr Pepper (KDP) on Thursday priced a public offering of $1 billion 3.95% senior notes due 2029, $850 million 4.05% senior notes due 2032 and $1.15 billion of 4.50% senior notes due 2052, for estimated net proceeds of approximately $2.96 billion. Shares of the beverage company were slightly lower in premarket activity.
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