03:52 PM EDT, 08/12/2025 (MT Newswires) -- Consumer stocks were rising late Tuesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) edging up 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 1%.

Redbook US same-store sales last week rose 5.7% from a year earlier after a 6.5% increase in the previous week.

In corporate news, On Holding ( ONON ) posted stronger-than-expected Q2 sales, and the company raised full-year guidance. The stock jumped 8.4%.

Sea's (SE) Q2 revenue rose more than expected as all three segments of the Shopee parent delivered double-digit sales growth. The shares surged 20%.

Gildan Activewear ( GIL ) is nearing a deal to buy Hanesbrands ( HBI ) for almost $5 billion, including debt, the Financial Times reported. Hanesbrands ( HBI ) shares surged 27%, and Gildan fell 3.7%.

AMC Entertainment ( AMC ) is positioned for market share gains in 2025 and 2026 on the back of its premium screens in North America and expansion plans in the UK and EU, Wedbush Securities said. Wedbush raised its price target on AMC to $4.50 from $4 and reiterated its outperform rating. AMC stock rose 1%.