09:22 AM EDT, 09/20/2024 (MT Newswires) -- Consumer stocks were edging higher pre-bell Friday as the Consumer Discretionary Select Sector SPDR Fund ( XLY ) and Consumer Staples Select Sector SPDR Fund ( XLP ) were up marginally.

Nike ( NKE ) shares advanced by 8% after the company said Elliott Hill will rejoin the company as chief executive officer, effective Oct. 14.

MillerKnoll ( MLKN ) shares fell past 6% after the company reported lower fiscal Q1 adjusted earnings and sales.

Chewy (CHWY) shares were down more than 3% after the company said an offering of 16.7 million of its class A common shares by shareholder BC Partners Advisors was priced at $30 per share.