09:12 AM EDT, 08/08/2024 (MT Newswires) -- Consumer stocks were higher premarket Thursday with the Consumer Staples Select Sector SPDR Fund ( XLP ) advancing 0.1% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) recently up 0.8%.

Monster Beverage ( MNST ) shares were over 7% lower after the company reported slower growth in Q2 earnings and revenue than the market had anticipated.

SharkNinja ( SN ) shares rose 13% after the company reported higher Q2 adjusted earnings and net sales. The company also raised its full-year outlook for adjusted earnings per share and sales.

US Foods Holding ( USFD ) shares were up more than 7% after it reported higher fiscal Q2 adjusted earnings and net sales.