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Sector Update: Consumer Stocks Mixed Tuesday Afternoon
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Sector Update: Consumer Stocks Mixed Tuesday Afternoon
Mar 31, 2026 11:06 AM

01:27 PM EDT, 03/31/2026 (MT Newswires) -- Consumer stocks were mixed Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 2.7%.

In sector news, Redbook US same-store sales rose by 6.9% from a year earlier in the week ended March 28 after a 6.7% year-over-year increase in the previous week. Redbook noted that retailers offered promotions across categories after Amazon kicked off its 2026 Big Spring Sale from March 25 to March 31, lifting sales of seasonal items, spring clothing, electronics, cleaning, and gardening products.

In corporate news, McCormick ( MKC ) agreed to combine with Unilever's ( UL ) food business in a deal that values the London-based consumer goods giant's unit at about $44.8 billion. McCormick ( MKC ) shares were down 4.5%, and Unilever ( UL ) fell 6.5%.

Hershey (HSY) reaffirmed at its investor day Tuesday its fiscal 2026 adjusted earnings and net sales growth guidance. The company said it continues to expect full-year adjusted earnings per share to grow 30% to 35%. Analysts polled by FactSet expect $8.38. Hershey shares shed 3.4%.

WeRide ( WRD ) and Uber ( UBER ) said they launched fully driverless Robotaxi fare-charging operations in Dubai. WeRide ( WRD ) shares jumped 16%, and Uber ( UBER ) gained 2.8%.

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