09:07 AM EDT, 03/28/2024 (MT Newswires) -- Consumer stocks were edging higher premarket Thursday, with the Consumer Staples Select Sector SPDR Fund (XLP) 0.1% higher and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) up 0.2% recently.

Atour Lifestyle ( ATAT ) was advancing more than 3% after its revenue more than doubled in Q4.

Home Depot ( HD ) was up 0.2% after saying it has agreed to acquire SRS Distribution, a distributor of supplies serving professional roofers, landscapers, and pool contractors, for $18.25 billion.

MillerKnoll ( MLKN ) was dropping more than 18% following the company's fiscal Q3 results as sales slowed more than forecast and guidance for the next quarter missed market expectations.