ET 19:47

Sonos, MasterCraft and Offerpad fall as April CPI fuels consumer spending concerns

Sonos, MasterCraft and Offerpad traded lower on May 15, 2026, after April CPI showed U.S. inflation accelerated to a 3.8% annual rate, the fastest since 2023, pressuring consumer discretionary stocks. The Bureau of Labor Statistics reported a 0.6% monthly increase in prices, led by a 3.8% rise in energy costs and a 5.4% jump in gasoline prices. Higher food and shelter costs also raised concerns that households could reduce spending on discretionary goods. MasterCraft shares were in focus after gaining 9.8% on May 11, 2026, following stronger-than-expected fiscal third-quarter results. The boat maker reported revenue of $78.2 million, up 3% year over year, and adjusted EPS of $0.45, 27% above forecasts. It raised fiscal 2026 guidance to net sales of $312 million and adjusted EPS of $1.65. MasterCraft is up 34.5% year to date and traded at $25.42, near its 52-week high of $27.38.

EditorWong Mei Ling