09:14 AM EDT, 08/01/2024 (MT Newswires) -- Consumer stocks were mixed premarket Thursday as the Consumer Staples Select Sector SPDR Fund ( XLP ) was down 0.1% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) was up 0.3% recently.

Hershey (HSY) shares were down over 3% after it reported lower Q2 adjusted earnings and net sales. The company also cut its full-year guidance for adjusted earnings per share and sales.

Pilgrim's Pride (PPC) shares advanced by over 4% after it reported higher Q2 adjusted earnings and net sales.

Anheuser-Busch Inbev ( BUD ) shares were up more than 2% after it reported higher Q2 underlying earnings and revenue.