09:19 AM EDT, 08/25/2025 (MT Newswires) -- Consumer stocks were declining pre-bell Monday, with the Consumer Staples Select Sector SPDR Fund ( XLP ) down 0.2% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) 0.4% lower.

Keurig Dr Pepper ( KDP ) has agreed to acquire coffee company JDE Peet's for 15.7 billion euros ($18.37 billion) in cash, the companies said. Keurig Dr Pepper ( KDP ) shares were down more than 7% premarket.

PDD Holdings ( PDD ) shares were down more than 2% after the company reported a decline in Q2 non-GAAP earnings.

Coca-Cola (KO) is reviewing strategic options for British coffee chain Costa Coffee, including a possible sale, news outlets reported, citing people familiar with the matter. Coca-Cola shares were 0.2% lower pre-bell.