From Nasdaq:

Consumer stocks were mixed premarket, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 1%. Amazon.com (AMZN) reported Q4 diluted earnings of $1.00 per share, exceeding analysts’ expectations of $0.80, resulting in a stock increase of over 6%. Columbia Sportswear (COLM) reported Q4 diluted earnings of $1.55 per share, below the expected $1.96, causing a decrease in stock by over 10%. Skechers U.S.A (SKX) announced it expects lower Q1 diluted EPS than expected and lower fiscal 2024 diluted EPS, leading to a stock decrease of more than 9%.



Read more: Consumer Sector Update for 02/02/2024: AMZN, COLM, SKX, XLP, XLY