09:12 AM EDT, 03/26/2025 (MT Newswires) -- Consumer stocks leaned higher premarket Wednesday with the Consumer Staples Select Sector SPDR Fund ( XLP ) rising by 0.1% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) recently up 0.03%.

GameStop ( GME ) shares rose past 11% after the company reported higher fiscal Q4 adjusted earnings. The company also said its board unanimously approved an update to its investment policy, allowing bitcoin to be added as a treasury reserve asset.

Dollar Tree ( DLTR ) shares were up over 2% after the company said it agreed with Brigade Capital Management and Macellum Capital Management to sell its Family Dollar business for $1.01 billion. The company also reported a higher fiscal Q4 revenue.

Chewy (CHWY) shares advanced by over 5% after the company reported higher fiscal Q4 adjusted earnings and net sales.