01:59 PM EDT, 06/04/2025 (MT Newswires) -- Consumer stocks were mixed Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) easing 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) fractionally higher.

In corporate news, Dollar Tree ( DLTR ) forecast an earnings decline of up to 50% for fiscal Q2 amid the impact of tariffs, taking the shine off better-than-expected Q1 results. Its shares dropped nearly 7%.

Walmart ( WMT ) is cutting some jobs in Florida in response to recent Supreme Court rulings regarding the legal residency of migrants, Bloomberg reported. Walmart ( WMT ) shares were flat.

Thor Industries ( THO ) reported a year-over-year increase in fiscal Q3 earnings and sales, and reiterated its full-year outlook despite macroeconomic uncertainties. Its shares rose 4.3%.