09:11 AM EDT, 03/22/2024 (MT Newswires) -- Consumer stocks were mixed premarket Friday with the Consumer Staples Select Sector SPDR Fund (XLP) 0.1% higher and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) recently down 1%.

Lululemon Athletica ( LULU ) shares were 13% lower as the company's guidance for sales and earnings for fiscal Q1 and the full financial year lagged behind market expectations.

Nike ( NKE ) shares fell 6% after the company reported fiscal Q3 earnings of $0.77 per diluted share, down from $0.79 a year earlier. Analysts polled by Capital IQ forecast $0.71.

Dutch Bros ( BROS ) shares were down more than 7% after the company priced an offering of 8 million shares of its stock at $34 per share.