12:57 PM EDT, 09/02/2025 (MT Newswires) -- Consumer stocks were lower Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 1.2%.

Kraft Heinz ( KHC ) said Tuesday that its board has approved a plan to split the company into two independent, publicly traded entities through a tax-free spin-off. Its shares were falling past 7%.