08:49 AM EDT, 09/04/2024 (MT Newswires) -- Consumer stocks were leaning lower pre-bell Wednesday as the Consumer Staples Select Sector SPDR Fund (XLP) was down 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) recently fell by 0.5%.

Dollar Tree ( DLTR ) shares declined by over 10% after it reported fiscal Q2 adjusted earnings of $0.67 per diluted share, down from $0.91 a year earlier. The company also lowered its fiscal year outlook for adjusted earnings per share and net sales.