01:20 PM EDT, 04/09/2024 (MT Newswires) -- Consumer stocks were advancing Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) fractionally higher.

Redbook US same-store sales jumped 5.4% from a year earlier in the week ended April 6, following a 5.2% gain in the previous week, due to mild weather and upcoming prom events.

In company news, Tilray Brands ( TLRY ) shares tumbled almost 19% after the cannabis distributor reported weaker-than-expected revenue for fiscal Q3 and tempered earnings expectations for the full year.