08:59 AM EDT, 03/27/2024 (MT Newswires) -- Consumer stocks were advancing premarket Wednesday as the Consumer Staples Select Sector SPDR Fund (XLP) was up 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) was 0.5% higher recently.

GameStop ( GME ) was declining by over 17% after it reported fiscal Q4 net sales of $1.79 billion, down from $2.23 billion a year earlier. Analysts polled by Capital IQ expected $2.05 billion.