01:43 PM EDT, 06/04/2024 (MT Newswires) -- Consumer stocks were mixed Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.9% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down less than 0.1%.

In economic news, Redbook US same-store sales growth slowed to 5.8% from a year ago during the week ended June 1 from a 6.3% gain in the previous week.

In corporate news, Bath & Body Works ( BBWI ) issued a downbeat fiscal Q2 earnings outlook on Tuesday, while the personal care and home fragrance retailer narrowed its full-year guidance. Its shares tumbled past 13%.

Green Thumb Industries Chief Executive Ben Kovler sent a letter to Boston Beer ( SAM ) founder and Chairman Jim Koch Sunday looking to discuss a potential merger, The Wall Street Journal reported Tuesday. Boston Beer ( SAM ) shares were easing 0.9%.

Tesla (TSLA) Chief Executive Elon Musk diverted a significant shipment of Nvidia (NVDA) artificial intelligence processors reserved for Tesla to social media company X, CNBC reported Tuesday. Tesla shares were down 0.6%.