03:43 PM EST, 12/20/2024 (MT Newswires) -- Consumer stocks were rising late Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) adding 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 1.1%.

In corporate news, Winnebago Industries ( WGO ) tightened its full-year earnings outlook on Friday as it swung to a fiscal Q1 loss amid subdued consumer demand and a cautious dealer network. Its shares fell 3.4%.

Petco's (WOOF) new Chief Executive Joel Anderson is focusing on improving retail fundamentals, or "blocking and tackling," to establish a stronger, more profitable platform for growth in 2026, Wedbush said in a note Friday. Wedbush has an outperform rating on the company's stock with a price target of $6. Petco shares gained 1.9%.

Nike ( NKE ) shares shed 0.3% after it flagged revenue and gross margin declines in its fiscal Q3 amid increased transformation efforts, while its results for the preceding three-month period topped market estimates.

FedEx's ( FDX ) fiscal Q2 earnings rose more than analysts had expected while revenue missed forecast. The parcel delivery group said it plans to spin off its freight operations into a separate publicly listed company. FedEx ( FDX ) shares were fractionally lower.