Consumer Cos Down After Nike, Lululemon Earnings — Consumer Roundup
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Dow Jones
Consumer companies fell after weak earnings from two bellwethers.
Nike shares tumbled after it posted lackluster sales growth.
Lululemon shares slipped after the high-end yogawear purveyor posted sales shy of Wall Street targets.
Walmart's deal to acquire smart-television maker Vizio for $2.3 billion is receiving pushback from marketers and the ad-buying agencies that manage their campaigns.
Luggage maker Samsonite is looking at the U.S. as a potential venue for a second listing, tapping investor appetite in a market that has been hitting new highs, according to people with knowledge of the plan.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
March 22, 2024 18:05 ET (22:05 GMT)
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