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Sector Update: Consumer Stocks Retreat Late Afternoon
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Sector Update: Consumer Stocks Retreat Late Afternoon
Mar 13, 2025 1:08 PM

03:48 PM EDT, 03/13/2025 (MT Newswires) -- Consumer stocks fell late Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) dropping 2.6%.

In sector news, the Consumer Brands Association urged the White House to grant "targeted agricultural tariff exemptions" on some imports of key ingredients that are unavailable in the US. PepsiCo (PEP), Conagra (CAG), and J.M. Smucker (SJM) are among the members of the association.

In corporate news, Tilly's (TLYS) shares tumbled 29%, a day after the company reported a fiscal Q4 net loss with net sales down 15%.

General Motors ( GM ) joined a pilot program of PG&E's ( PCG ) Pacific Gas & Electric unit to allow compatible GM electric vehicles to supply power back to homes during outages. GM shares fell 1.6%.

Dollar General ( DG ) shares jumped 6.5%. The company reported fiscal Q4 sales that topped estimates by analysts.

American Eagle Outfitters' ( AEO ) long-term growth trajectory remains intact despite providing weak sales outlooks with the clothing retailer set to see an acceleration in revenue growth once macro headwinds diminish, UBS Securities said. American Eagle shares dropped 3.5%.

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