Consumer Cos Down Amid Bifurcated Earnings -- Consumer Roundup

Consumer companies fell as earnings reports continued to point to a bifurcated economy, with most of the growth linked to the luxury niche.

Norwegian Cruise Line shares slumped after the pleasure-craft firm warned that higher bookings from families weighed on ticket prices. The company vowed to continue marketing to families despite the price drawbacks.

Marriott International shares rose as growth at its high-end properties offset weakness elsewhere. Marriott Chief Executive Anthony Capuano said high-end customers continue to prioritize travel.

Yum Brands rallied after the owner of iconic fast-food chains Taco Bell, KFC and Pizza Hut said it was considering selling the latter, as shrinking same-store sales at the pizzeria offset robust growth for the taco and fried-chicken chains.

Hormel Foods is cutting 250 corporate and sales jobs as part of a restructuring, the food company that owns brands including Planters, Skippy and Spam said.

Beer brewer Molson Coors' struggles continued as changing consumer preferences and macroeconomic pressures weighed on the beer industry. Shares of the Canadian-U.S. beer giant were more or less flat, but are down by roughly one quarter for the year to date.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

11-04-25 1905ET