09:12 AM EDT, 05/30/2025 (MT Newswires) -- Consumer stocks were declining premarket Friday with the Consumer Staples Select Sector SPDR Fund ( XLP ) down 0.2% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) 0.4% lower recently.

Gap (GAP) shares were down more than 14% after the company said tariffs could lead to incremental costs of about $250 million to $300 million in fiscal 2025 and a $100 million to $150 million net impact to its operating income.

Ulta Beauty ( ULTA ) shares were advancing by more than 11% after the company reported higher fiscal Q1 earnings and net sales and raised its fiscal 2025 guidance for earnings per share.

Shoe Carnival ( SCVL ) shares were down more than 2% after the company reported lower fiscal Q1 net income and sales.