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Sector Update: Consumer Stocks Rise in Afternoon Trading
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Sector Update: Consumer Stocks Rise in Afternoon Trading
May 27, 2026 11:21 AM

01:45 PM EDT, 05/27/2026 (MT Newswires) -- Consumer stocks were higher Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 1.7%.

Redbook US same-store sales rose by 9% from a year earlier in the week ended May 23 after an 8.1% year-over-year increase in the previous week. "Demand for a wide variety of summer, home and garden, and seasonal apparel products was the main focus for most consumers," Redbook said.

In corporate news, Abercrombie & Fitch's ( ANF ) fiscal Q1 earnings topped Wall Street's projections amid record sales for the apparel retailer. Its shares climbed 12.7%.

Bath & Body Works' ( BBWI ) fiscal Q1 results exceeded market estimates, while the personal care and home fragrance retailer said its chief financial officer plans to step down. Its shares jumped past 10%.

Manchester United ( MANU ) on Wednesday raised its full-year top-line outlook as the UK soccer club posted double-digit growth in fiscal Q3 revenue year over year, helping it swing to earnings. Manchester United ( MANU ) shares surged 15%.

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