02:01 PM EDT, 07/31/2025 (MT Newswires) -- Consumer stocks were lower Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) easing 0.6%.

In corporate news, TreeHouse Foods ( THS ) shares were down more than 8% after the company posted lower Q2 adjusted net income.

Starbucks' ( SBUX ) former Chief Executive Howard Schultz has called on the company's employees to get on board with current CEO Brian Niccol's plans for growth, which includes a new policy of working on-site four days a week, Bloomberg reported. Starbucks ( SBUX ) shares were falling 1.7%.

Anheuser-Busch InBev ( BUD ) shares fell past 12% after it reported a decline in Q2 revenue.