01:54 PM EDT, 05/21/2025 (MT Newswires) -- Consumer stocks were lower Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) and the Consumer Discretionary Select Sector SPDR Fund (XLY) each shedding 0.5%.

In corporate news, Target's ( TGT ) fiscal Q1 results decreased more than Wall Street's estimates, while the retailer slashed its full-year outlook, citing the impact of tariffs and uncertain consumer spending. Its shares dropped 5.7%.

VF (VFC) shares fell past 14% after the apparel and footwear company reported weaker-than-expected fiscal Q4 revenue, weighed down mainly by the Vans brand.

TJX's (TJX) affirmed its full-year outlook on Wednesday following better-than-expected Q1 revenue, as the discount retailer said it will be able to mitigate the impact of tariffs. Shares were still down 3.4%.