Consumer Sector Update: June 8, 2011

Published on Wed, 06/08/2011 - 13:10
By FNNO Staff in General Interest, business, consumer, earnings, finance, growth, market, news, price, revenue, sector, share, stock, update, Consumer Sector Report
business, consumer, earnings, finance, growth, market, news, price, revenue, sector, share, stock, update

Consumer shares are higher in mid-day trading while McDonald's (NYSE:MCD) turns positive after briefly dipping into red this morning. McDonald's said May global comparable sales rose 3.1%. U.S. comparable sales increased 2.4%, Europe up 2.3% and Asia/Pacific, Middle East and Africa up 4.3%. Meanwhile, shares of The Hershey Company (NYSE:HSY) are higher after news that the food products company has held discussions with former Cadbury Plc Chief Executive Officer Todd Stitzer about taking a board seat

By FNNO Staff
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