03:58 PM EDT, 08/05/2024 (MT Newswires) -- Consumer stocks retreated in late Monday afternoon trading with the Consumer Staples Select Sector SPDR Fund (XLP) dropping 2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 3%.

In corporate news, Freshpet ( FRPT ) reported stronger-than-expected Q2 revenue amid volume growth while narrowing its loss and lifting the full-year financial outlook. The shares fell 0.6%.

Treehouse Foods ( THS ) narrowed its full-year core profitability outlook while maintaining sales expectations after Q2 results topped Wall Street's views. The stock retreated 2%.

Tyson Foods ( TSN ) shares rose 2% after the company reported fiscal Q3 adjusted earnings of $0.87 per share, up from $0.15 a year earlier and above $0.67 expected by analysts.

Kellanova ( K ) shares jumped past 16% after news outlets reported Mars is considering buying the company.