08:44 AM EDT, 06/06/2024 (MT Newswires) -- Consumer stocks were leaning lower pre-bell Thursday as the Consumer Staples Select Sector SPDR Fund (XLP) was down 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) was marginally declining recently.

Five Below ( FIVE ) declined by over 18% as its fiscal Q1 sales and earnings lagged market expectations and the company lowered its full-year outlook.