08:56 AM EDT, 08/01/2024 (MT Newswires) -- Consumer stocks were edging higher premarket Thursday as the Consumer Staples Select Sector SPDR Fund (XLP) was up 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) was recently advancing by 0.4%.

Hershey (HSY) shares were down over 4% after it reported lower Q2 adjusted earnings and net sales. The company also cut its full-year guidance for adjusted earnings per share and sales.