09:11 AM EDT, 03/26/2024 (MT Newswires) -- Consumer stocks were edging higher pre-bell Tuesday with the Consumer Staples Select Sector SPDR Fund (XLP) unchanged recently and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) was up 0.7%.

Krispy Kreme (DNUT) was over 19% higher after the company and McDonald's (MCD) said they expanded their partnership in the US, with Krispy Kreme to supply doughnuts to McDonald's restaurants nationwide.

McCormick ( MKC ) was up more than 6% after it reported higher fiscal Q1 adjusted earnings and net sales.

Kroger's ( KR ) proposed acquisition of rival Albertsons ( ACI ) will be scrutinized first in an Aug. 12-22 preliminary injunction hearing in Colorado, before a hearing in a federal court in Portland, Bloomberg reported. Albertsons ( ACI ) was over 1% higher in recent premarket activity.