09:12 AM EDT, 07/16/2025 (MT Newswires) -- Consumer stocks were edging higher pre-bell Wednesday as the Consumer Staples Select Sector SPDR Fund ( XLP ) up 0.2% and Consumer Discretionary Select Sector SPDR Fund ( XLY ) up 0.1% recently.

United Natural Foods ( UNFI ) shares were up more than 8% after the company raised its fiscal 2025 net sales outlook.

TKO Group ( TKO ) shares were up more than 2% after the company said its subsidiary WWE entered into an exclusive multiyear licensing agreement with Fanatics Betting and Gaming to produce and distribute WWE-themed casino games in the US.

Diageo ( DEO ) said Debra Crew has stepped down as chief executive officer and board director by mutual agreement, effective immediately. Diageo ( DEO ) shares were 0.9% higher premarket.