01:33 PM EDT, 06/11/2024 (MT Newswires) -- Consumer stocks were slipping Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 0.9%.

Redbook US same-store sales rose by 5.5% from a year earlier in the week ended June 8 after a 5.8% year-over-year increase in the previous week.

In corporate news, Academy Sports & Outdoors' (ASO) fiscal Q1 results declined annually and missed market expectations, but the sporting goods retailer lifted its full-year profit outlook reflecting its share repurchase activity in the previous three-month period. Its shares tumbled 3.9%.