09:06 AM EST, 11/26/2024 (MT Newswires) -- Consumer stocks were flat to lower premarket Tuesday as the Consumer Staples Select Sector SPDR Fund ( XLP ) was down 0.2% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) was recently unchanged.

Kohl's (KSS) shares declined by over 18% after the company reported lower fiscal Q3 earnings and net sales. The company also cut its fiscal 2024 outlook for earnings per share and net sales.

Best Buy ( BBY ) shares fell past 2% after the company reported lower fiscal Q3 non-GAAP earnings and revenue. The company also cut its fiscal 2025 guidance for non-GAAP earnings per share and revenue.

Dick's Sporting Goods (DKS) shares advanced by over 8% after the company reported higher fiscal Q3 net sales and raised its fiscal 2024 guidance for earnings per share and net sales.