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Sector Update: Consumer Stocks Retreat Late Afternoon
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Sector Update: Consumer Stocks Retreat Late Afternoon
May 26, 2025 3:19 AM

03:54 PM EDT, 05/06/2025 (MT Newswires) -- Consumer stocks fell late Tuesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) easing 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.7%.

Redbook US same-store sales last week rose 6.9% from a year earlier after a 6.1% gain in the previous week.

In sector news, the EU plans to tack on additional tariffs targeting about 100 billion euros ($113 billion) worth of US goods if trade talks currently underway fail to produce a satisfactory result for the bloc, Bloomberg reported.

In corporate news, TreeHouse Foods ( THS ) forecast flat Q2 sales after Q1 sales fell amid weak consumption trends and a product recall. The shares slumped 5.4%.

Marriott ( MAR ) tempered its full-year room revenue guidance amid slower-than-projected growth in the US and Canada, while Q1 results topped expectations by analysts. The shares rose 2.2%.

Restaurant Brands International's (QSR) Burger King will face a lawsuit on allegations of misleading customers with ads that make its burgers look larger, Reuters reported, citing court proceedings. Restaurant Brands shares advanced 1.7%.

DoorDash ( DASH ) agreed to acquire UK-based food delivery company Deliveroo for an equity value of about 2.9 billion British pounds ($3.86 billion). DoorDash ( DASH ) also agreed to buy hospitality technology company SevenRooms for $1.2 billion in cash. DoorDash ( DASH ) reported mixed Q1 results, and the shares fell 7.4%.

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