09:17 AM EDT, 03/21/2024 (MT Newswires) -- Consumer stocks were gaining premarket Thursday, with the Consumer Staples Select Sector SPDR Fund (XLP) marginally higher and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) up 0.4%.

Five Below ( FIVE ) was down more than 11% after the company's fiscal Q4 earnings and revenue growth lagged Capital IQ analysts' estimates.

Guess? (GES) was up over 18% after it reported higher fiscal Q4 adjusted earnings and revenue. The company also said its board approved a special dividend of $2.25 per share, payable on May 3 to shareholders of record on April 17.

Academy Sports & Outdoors (ASO) was more than 11% lower after reporting fiscal Q4 adjusted earnings and net sales that missed the consensus of analysts polled by Capital IQ. The company's fiscal 2024 diluted EPS and net sales outlook also lagged estimates.