Consumer Stocks Mostly Lower as Inflation Looms — Consumer Roundup

Shares in the consumer sector were mostly lower as inflation remained well above target, underpinning the prospect of elevated interest rates for the time being.

Condé Nast Chief Executive Roger Lynch is stepping down after more than seven years to become CEO of toy company Mattel. Lynch succeeds Chairman and CEO Ynon Kreiz, who will depart Mattel on Oct. 2. Kreiz is expected to be named to a top role at the media conglomerate being created by Paramount's PSKY acquisition of Warner Bros. Discovery WBD, according to a person familiar with the matter.

Cereal giant General Mills is replacing its chief executive as it works to turn around its business following a tough spell for America's packaged food companies. The company tapped its Chief Operating Officer Dana McNabb to succeed Jeff Harmening after his nearly decadelong run as CEO.

Hormel Foods has struck a deal to buy Brakebush Brothers, a family-owned value-added processor of chicken products, for about $1.055 billion.

Conagra Brands said steps it has taken to expand profitability are starting to pay off, as the company logged a higher fiscal first-quarter profit despite lower sales. The food manufacturer, which owns Orville Redenbacher's popcorn and Slim Jim meat sticks, posted a profit of $174.3 million, or 36 cents a share.

Cal-Maine Foods swung to a loss in its fiscal first quarter as sales fell, hurt by continually low egg prices. The egg producer posted a loss of $58.6 million for its quarter ended Aug. 29, compared with a profit of $199.3 million in last year's comparable period.

DoorDash, the app known for delivering meals, said it was adding more clothing, shoes and other items to its lineup. Its new partners include Timberland and Vans, in addition to Anthropologie, Macy's and the North Face.

Write to Paulo Trevisani at paulo.trevisani@wsj.com

(END) Dow Jones Newswires

September 30, 2026 17:05 ET (21:05 GMT)