Shares in the consumer sector rose as companies look for ways to attract and retain customers who continue to deal with high prices.

CarMax posted fiscal first-quarter earnings that beat analysts' estimates but said macroeconomic pressures continue to have a negative impact on sales. The used-car seller reported adjusted earnings of 97 cents a share on revenue of $7.11 billion. Analysts surveyed by FactSet expected earnings of 95 cents a share on revenue of $7.16 billion.

After largely eschewing special deals for decades, the coffee at Starbucks is now often available at a discount. The world's largest coffee chain is trying to bring back lapsed customers, betting big on BOGO offers, supersize perks for loyalty members and other deals.

Carlsberg said it is considering its next steps after U.K. soft-drinks maker Britvic rejected a $3.94 billion takeover bid, a setback for the Danish brewer as it seeks to expand in the non-alcoholic beverage market and reduce reliance on beer sales.

Four menthol-flavored e-cigarettes made by Altria Group's NJOY brand won U.S authorization, becoming the first menthol vaping devices to be cleared by federal regulators.


Write to Patrick Sullivan at patrick.sullivan@wsj.com

(END) Dow Jones Newswires

06-21-24 1643ET