09:14 AM EDT, 05/22/2025 (MT Newswires) -- Consumer stocks declined pre-bell Thursday as the Consumer Staples Select Sector SPDR Fund ( XLP ) edged lower and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) fell by 0.3% recently.

Urban Outfitters ( URBN ) shares rose past 19% after the company reported higher fiscal Q1 earnings and sales.

Walmart ( WMT ) plans to cut 1,500 jobs as part of efforts to reduce expenses, The Wall Street Journal reported, citing a person familiar with the situation. Walmart ( WMT ) shares were 0.1% lower premarket.

BJ's Wholesale Club (BJ) shares were up nearly 2% after the company reported higher fiscal Q1 adjusted earnings and revenue.