Consumer Cos Up on Spending Optimism -- Consumer Roundup

Consumer companies ticked up amid optimism about the outlook for spending.

Shares of Birkenstock Holding rose after analysts at brokerage UBS said consumers' preference for casual, comfortable shoes means the footwear company's stock still has room to rise.

Dick's Sporting Goods slid amid fears that the rise of Birkenstock could hurt sales of athletic shoes.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

07-01-24 1728ET