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Sector Update: Consumer Stocks Mixed in Early Morning Trading Friday
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Sector Update: Consumer Stocks Mixed in Early Morning Trading Friday
Jan 31, 2025 7:24 AM

10:13 AM EST, 01/31/2025 (MT Newswires) -- Consumer shares were mixed in early morning trading Friday, with the Consumer Staples Select Sector SPDR Fund ( XLP ) down 0.6% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) 0.8% higher recently.

Vestis ( VSTS ) reported lower fiscal Q1 adjusted earnings and revenue and also said it has named Kelly Janzen its chief financial officer, starting Feb. 14. The company's shares fell more than 12%.

Oatly ( OTLY ) shares fell 7.3% after it said it will change the ratio of its American Depositary Receipts to ordinary shares from one ADR per one share to one ADR per 20 shares.

PLBY Group ( PLBY ) shares rose 32% after it said it has converted 25% of its outstanding Series B Convertible Preferred Stock into common stock to streamline its balance sheet and reduce leverage.

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