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Consumer Cos Down After Mixed Earnings - Consumer Roundup

Provided by Dow Jones

May 24, 2024 9:26pm

Consumer companies fell after mixed economic and earnings data.

The second of two readings of the consumer-sentiment index was 69.1 in May, a sharp decline from 77.2 in April, the University of Michigan said.

Deckers Outdoor surged after surprisingly strong growth in sales of its Hoka-branded sneakers.

The thick-soled sneakers have presented an unexpected challenge to Nike's lock on the U.S. running-shoe market.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

May 24, 2024 17:26 ET (21:26 GMT)

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