09:03 AM EDT, 04/23/2024 (MT Newswires) -- Consumer stocks were higher pre-bell Tuesday as the Consumer Staples Select Sector SPDR Fund ( XLP ) was up 0.1% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) was recently advancing by 0.4%.

Hibbett ( HIBB ) was rallying past 18% after saying it has agreed to be acquired by the UK's JD Sports Fashion for about $1.1 billion in cash.

Kimberly-Clark ( KMB ) was up more than 5% after it reported higher Q1 adjusted earnings and raised its outlook for the full year.

PepsiCo ( PEP ) reported higher fiscal Q1 core earnings and revenue. PepsiCo ( PEP ) was down 0.1% in recent premarket activity.