09:10 AM EST, 01/14/2025 (MT Newswires) -- Consumer stocks advanced premarket Tuesday as the Consumer Staples Select Sector SPDR Fund ( XLP ) was up 0.2% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) was 0.7% higher recently.

Signet Jewelers ( SIG ) shares declined by over 17% after the company lowered its fiscal Q4 sales outlook to a range of $2.32 billion to $2.34 billion, from the previous guidance of $2.38 billion to $2.46 billion.

Nomad Foods ( NOMD ) shares were over 3% higher after the company said it now expects 2025 adjusted earnings of 1.81 euros ($1.86) per share to 1.85 euros per share.

Hormel Foods ( HRL ) said its chief executive officer, James Snee, will retire at the end of fiscal 2025. Hormel Foods ( HRL ) shares were down 0.5% premarket.