08:56 AM EST, 02/04/2025 (MT Newswires) -- Consumer stocks were flat to higher pre-bell Tuesday, with The Consumer Staples Select Sector SPDR Fund (XLP) unchanged and The Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.2%.

Estee Lauder ( EL ) shares were down more than 4% after the company reported lower fiscal Q2 adjusted net earnings and net sales. The company also issued fiscal Q3 outlook for adjusted EPS below analyst expectations. In addition, Estee Lauder ( EL ) said it expects to eliminate 5,800 to 7,000 job roles as part of a restructuring plan.