01:40 PM EDT, 05/06/2025 (MT Newswires) -- Consumer stocks were lower Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) easing less than 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 1%.

In economic news, Redbook US same-store sales accelerated by 6.9% from a year earlier in the week ended May 3 after a 6.1% year-over-year increase in the previous week.

In sector news, the EU plans to tack on additional tariffs targeting about 100 billion euros ($113 billion) worth of US goods if ongoing trade talks fail to produce a satisfactory result for the bloc, Bloomberg reported.

In corporate news, WK Kellogg (KLG) on Tuesday lowered its full-year guidance to take into account the potential impact of tariffs, as the cereal maker's fiscal Q1 results declined year on year. Its shares were down 0.2%.