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Sector Update: Consumer
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Sector Update: Consumer
Feb 25, 2025 10:42 AM

01:26 PM EST, 02/25/2025 (MT Newswires) -- Consumer stocks were mixed Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) rising 1.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.7%.

Redbook US same-store sales rose by 6.2% from a year earlier in the week ended Feb. 22, slower than a 6.3% year-over-year increase in the previous week.

In sector news, the National Restaurant Association said tariffs on food and drinks may cost the industry more than $12 billion and lead to higher prices for customers, Bloomberg reported, citing a letter to President Donald Trump.

In corporate news, Home Depot ( HD ) reported Q4 results above Wall Street's estimates on Tuesday, but it provided a full-year earnings outlook below market expectations amid cautious consumer spending on large remodeling projects. Its shares were rising 4.5%.

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