08:50 AM EDT, 10/07/2024 (MT Newswires) -- Consumer stocks were leaning lower premarket Monday with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) 0.4% lower recently.

The Duckhorn Portfolio ( NAPA ) shares were up more than 101% after the company reported fiscal Q4 adjusted net income per share and net sales that topped estimates from analysts polled by Capital IQ. Separately, the company and Butterfly Equity said they signed a deal for the private equity firm to buy Duckhorn for roughly $1.95 billion in cash, or $11.10 per share.