03:52 PM EST, 02/20/2025 (MT Newswires) -- Consumer stocks were sliding late Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 1%.

In corporate news, Hasbro ( HAS ) shares jumped past 13% after it reported a surprise increase in Q4 profit and outlined a medium-term strategy, including targeting $1 billion of cost savings.

Dollar Tree's ( DLTR ) discount retail brand Family Dollar has attracted takeover interest from several private equity firms including Apollo Global Management (APO) and Sycamore Partners, Reuters reported. Dollar Tree ( DLTR ) shares added 0.8%.

Capri (CPRI), the parent company of Versace and Michael Kors, was downgraded two notches to BB from BBB- by S&P Global Ratings to reflect the company's "weak" operating performance over the past two years and expectations of negative sales trends in the coming year, S&P Global Ratings said Thursday. Capri shares fell 3%.

Walmart ( WMT ) issued a full-year earnings outlook below market estimates amid uncertain consumer behavior and geopolitical conditions after reporting better-than-expected fiscal Q4 results. The shares dropped 6.5%.