Consumer Cos Drop After Housing Data - Consumer Roundup

Published: 2025-06-25 17:20:09 ET CAG

Published on 06/25/2025 at 17:20

Consumer companies fell after weak property-market data.

Sales of new homes sank by 14% in May, as elevated mortgage rates continued to weigh.

In a bad sign for discretionary spending, Winnebago Industries slashed its outlook for the year as consumer demand appeared to be pressured by economic headwinds and higher consumer borrowing costs that weighed on RV retail sales.

The European Union said it would launch an in-depth investigation into anticompetitive concerns about Mars's bid to take over rival snack firm Kellanova.

Food processor Conagra Brands said it would remove certified food, drug and cosmetic colors from its U.S. frozen product portfolio by the end of 2025, following a campaign against the ingredients from Robert F. Kennedy Jr.'s department of Health and Human Services and similar moves from Kraft Heinz, Pepsico and other rivals.

General Mills expects organic sales to remain stagnant as inflation-weary consumers continue to prioritize value and limit discretionary spending.

Ulta Beauty's top finance executive, Paula Oyibo, has left the cosmetics retailer.

Write to Rob Curran at [email protected]

(END) Dow Jones Newswires

06-25-25 1719ET