01:50 PM EST, 12/10/2024 (MT Newswires) -- Consumer stocks were higher Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.9%.

Redbook US same-store sales rose by 4.2% from a year earlier in the week ended Dec. 7, slower than a 7.4% year-over-year increase in the previous week.

In corporate news, United Natural Foods ( UNFI ) shares surged 23% after it reported stronger-than-expected gains in fiscal Q1 revenue and raised its full-year sales outlook amid volume growth in its wholesale business.

Ollie's Bargain Outlet's (OLLI) fiscal Q3 earnings came in ahead of Wall Street's estimates while revenue missed expectations as the discount retailer cut its full-year revenue guidance range. Its shares jumped 14%.

Alaska Air ( ALK ) said Tuesday it expects 2025 earnings of at least $5.75 per share and increased capacity of 2% to 3%. The airline also said it was setting a 2027 financial earnings target of at least $10 per share. Its shares climbed past 12%.