09:11 AM EST, 01/21/2025 (MT Newswires) -- Consumer stocks were edging higher pre-bell Tuesday, with The Consumer Staples Select Sector SPDR Fund ( XLP ) advancing 0.3% and The Consumer Discretionary Select Sector SPDR Fund ( XLY ) up 0.9%.

New Oriental Education & Technology Group ( EDU ) shares were more than 16% lower after the company reported fiscal Q2 non-GAAP net income of $0.22 per diluted American depositary share, down from $0.29 a year earlier.

D.R. Horton ( DHI ) stock was up past 3% after the company reported lower fiscal Q1 net income and revenue that still topped analyst expectations.

Birkenstock Holding (BIRK) said it appointed Ivica Krolo to succeed Erik Massmann as chief financial officer, effective Feb. 1. The company's shares were down 0.2% premarket.