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Sector Update: Consumer
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Sector Update: Consumer
Feb 4, 2025 10:55 AM

01:31 PM EST, 02/04/2025 (MT Newswires) -- Consumer stocks were mixed Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.8%.

Redbook US same-store sales rose by 5.7% from a year earlier in the week ended Feb. 1 after a 4.9% year-over-year increase in the previous week.

In corporate news, PepsiCo's ( PEP ) Q4 earnings came in ahead of Wall Street's estimates, while revenue posted a surprise decline amid weakness in the beverage and snacks company's North American businesses. Its shares dropped 4.3%.

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