01:36 PM EDT, 07/09/2024 (MT Newswires) -- Consumer stocks were rising Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) fractionally higher and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.6%.

Redbook US same-store sales rose by 6.3% from year-ago levels in the seven days ended July 6, following a 5.8% year-over-year increase in the previous week.

In corporate news, Helen of Troy (HELE) reduced its full-year outlook as the company recorded lower-than-expected fiscal Q1 results amid weak consumer demand. Its shares tumbled nearly 27%.