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Sector Update: Consumer

MT Newswires ·  {{timeTz}}

01:16 PM EDT, 09/14/2022 (MT Newswires) -- Consumer stocks were broadly mixed in Wednesday trading, with the SPDR Consumer Staples Select Sector ETF (XLP) slipping less than 0.1% and the SPDR Consumer Discretionary Select Sector ETF (XLY) rising 1.4%. In company news, DavidsTea (DTEA) plunged more than 19% on Wednesday after the Montreal-based tea seller late Tuesday saw its non-GAAP net loss widen to CA$0.13 ($0.10) per share during fiscal Q2 from CA$0.07 during the same quarter last year while revenue declined nearly 19% year-over-year to CA$15.2 million.

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