01:35 PM EDT, 10/08/2024 (MT Newswires) -- Consumer stocks were higher Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.7%.

Redbook US same-store sales increased by 5.4% from a year earlier in the week ended Oct. 5 after a 5.3% year-over-year increase in the previous week.

In corporate news, PepsiCo ( PEP ) revised its full-year organic revenue growth outlook on Tuesday as Q3 earnings beat Wall Street estimates, while sales fell short of expectations. Its shares were rising over 1%.