Consumer Cos Face Inflationary Challenges

Consumer companies experienced a sharp decline as signs of potential inflationary levels emerged. Used-home sales in November increased by 0.8% to a seasonally adjusted annual rate of 3.82 million, marking a positive end to a sluggish year. Abercrombie & Fitch saw a rise in shares due to its strong performance. Winnebago Industries reported earnings that fell short of expectations, leading to a sharp decline in shares. General Mills slashed sales guidance, indicating a potential retreat in food inflation.