03:51 PM EST, 01/31/2025 (MT Newswires) -- Consumer stocks were lower late Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) falling 0.9% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.5%.

In corporate news, United Airlines (UAL) denied rumors that it is in discussions with another airline regarding a merger, acquisition, or similar deal, according to a Friday regulatory filing. Its shares were down 3%.

Deckers Outdoors (DECK) shares dropped 19% after it issued fiscal 2025 revenue guidance late Thursday below analysts' estimates.

Colgate-Palmolive's ( CL ) Q4 earnings came ahead of Wall Street's estimates, while revenue posted a decline amid weakness in North America and Latin America. Its shares fell 4.6%.

PLBY Group ( PLBY ) shares jumped nearly 20%. The company disclosed Friday a conversion of 25% of its outstanding series B convertible preferred stock into common stock to streamline its balance sheet and reduce leverage.