Top Consumer Stocks:
Consumer stocks were mostly lower in Friday’s pre-market trade.
In sector news, United Natural Foods ( UNFI ) was down marginally after it said its board has authorized the initiation of a $200 million share buyback program. The company said it will fund the program with a combination of cash on hand, cash generated from operations and borrowings under the company’s credit facility. The company had 50.6 million shares as of Sept. 14. The share buyback program is scheduled to expire upon the company’s repurchase of shares of the company’s common stock having an aggregate purchase price of $200 million.
In other sector news,
(+) F (-0.4%) Postpones Fiesta recall In China due to parts delay
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