08:53 AM EDT, 10/15/2024 (MT Newswires) -- Consumer stocks were edging higher premarket Tuesday, with The Consumer Staples Select Sector SPDR Fund (XLP) up 0.2% and The Consumer Discretionary Select Sector SPDR Fund (XLY) 0.1% higher.

Coty ( COTY ) shares were down more than 5% after the company reported preliminary Q1 results that estimated sales growth of about 4% to 5%, lower than its previously estimated growth of 6%.