Consumer Cos Down on Retreat From Risk - Consumer Roundup

Consumer companies fell as traders rotated out of high risk sectors.

Luxury companies lost ground after Gucci owner Kering posted a decline in quarterly comparable-store sales. Sales of luxury goods have held up better than some other categories, partly because of the "wealth effect," as stock portfolios and home-prices strengthened in recent months. Both the stock market and the housing market have faced wobbles this month.

French beauty giant L'Oreal said it expects its bottom line to grow this year after sales beat expectations for the most recent quarter.

Home builders rose amid hopes that a drop in Treasury yields would be communicated to mortgage rates. PulteGroup rose sharply despite posting a decline in home sales, citing higher mortgage rates and inflation concerns.

Consumer-products giant Procter & Gamble shares rose as it logged higher sales and said it is managing to stay on track despite rising fuel costs.

Shares of Winnebago added to the gains sparked by its earnings outlook. The recreational-vehicle maker forecast relatively strong earnings, despite a prolonged slump in demand for RVs and pontoon boats.

Shares of American Airlines rose even after the carrier warned that it would post a quarterly loss due to elevated fuel prices.

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

(END) Dow Jones Newswires

October 22, 2026 17:30 ET (21:30 GMT)