01:45 PM EST, 02/27/2025 (MT Newswires) -- Consumer stocks were higher Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.2%.

In corporate news, Warner Bros. Discovery's ( WBD ) Q4 loss widened unexpectedly as sales declined more than market estimates, but the media and entertainment giant saw gains in subscribers on annual and sequential bases and projected continuous growth for the metric. Its shares jumped past 12%.

Bath & Body Works ( BBWI ) shares dropped 10%. The company on Thursday reported a year-on-year drop in fiscal Q4 sales, while it set expectations for a likely earnings decline this year.

Hormel Foods' ( HRL ) fiscal Q1 earnings fell more than Wall Street's estimates but sales came in ahead of expectations, while the company maintained its revenue and bottom-line outlook for fiscal 2025. Its shares were falling 2.2%.