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Sector Update: Consumer
Aug 9, 2024 6:18 AM

08:54 AM EDT, 08/09/2024 (MT Newswires) -- Consumer stocks were lower premarket Friday as the Consumer Staples Select Sector SPDR Fund (XLP) was down 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) was recently off 0.2%.

e.l.f. Beauty (ELF) shares fell by more than 8% after the company said it now expects fiscal 2025 adjusted earnings per share of $3.36 to $3.41, short of the $3.42 estimate from analysts surveyed by Capital IQ.

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