Consumer Cos Up After Strong Round of Earnings - Consumer Roundup
Consumer companies rose after a generally strong round of earnings suggested U.S. consumers were undeterred by the initial spike in gasoline prices following the outbreak of war.
Hotel chain Marriott International raised its outlook after better-than-expected domestic travel outweighed a hit to revenue in the Middle East.
Bloomin' Brands and Dine Brands Global both reported higher revenue in the first quarter, as value offers, menu updates and turnaround efforts helped to offset still-elevated costs and cautious consumer spending. Shares of Outback Steakhouse operator Bloomin' soared.
Shares of Carter's rallied after the children's wear chain posted stronger-than-anticipated quarterly sales.
Restaurant Brands International logged higher sales for its Burger King chain.
Economists warned that the Kraft Heinz reported slightly higher first-quarter sales as it implements a strategy to turn around its business and return to growth before resuming a potential split into two separate companies.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
May 06, 2026 17:39 ET (21:39 GMT)
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