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Sector Update: Consumer Stocks Mixed in Late Afternoon Trading
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Sector Update: Consumer Stocks Mixed in Late Afternoon Trading
Feb 4, 2025 1:12 PM

03:35 PM EST, 02/04/2025 (MT Newswires) -- Consumer stocks were mixed late Tuesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 1%.

Redbook US same-store sales last week rose 5.7% from a year earlier after a 4.9% increase in the previous week.

In corporate news, Lottery.com ( LTRY ) shares surged 72% after the company said it was launching international lottery operations to generate additional revenue.

Getty Images ( GETY ) said Tuesday that it expects Q4 revenue in the range of $244 million to $250 million, compared with $225.9 million a year earlier. Analysts polled by FactSet expect $245.5 million. Its shares added 1.4%.

Estee Lauder ( EL ) shares fell past 16% after it reported lower fiscal Q2 results. The company expects to eliminate 5,800 to 7,000 job roles as part of a restructuring plan.

PepsiCo's ( PEP ) Q4 earnings topped Wall Street's estimates, while revenue posted a surprise decline amid weakness in the beverage and snacks company's North American businesses. The stock dropped 4.3%.

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