09:11 AM EDT, 05/10/2024 (MT Newswires) -- Consumer stocks were edging higher premarket Friday as the Consumer Staples Select Sector SPDR Fund ( XLP ) advanced by 0.2% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) was up 0.3% recently.

Victoria's Secret (VSCO) advanced by over 13% after it reported preliminary fiscal Q1 adjusted earnings of $0.07 to $0.12 per diluted share, compared with a guidance of a loss of $0.15 to earnings of $0.10.

Soho House ( SHCO ) was 0.4% higher after it reported a Q1 revenue of $263.1 million, compared with $255.2 million a year earlier.

Target ( TGT ) will not offer its LGBTQ-themed goods in certain stores for Pride Month this June in response to backlash to the collection last year, Bloomberg News reported, citing people familiar with the matter. Target ( TGT ) was up 0.2% premarket.