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Sector Update: Consumer Stocks Rise Late Afternoon
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Sector Update: Consumer Stocks Rise Late Afternoon
Jun 10, 2025 1:19 PM

03:57 PM EDT, 06/10/2025 (MT Newswires) -- Consumer stocks were higher late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 1%.

In economic news, Redbook US same-store sales rose by 4.7% from a year earlier in the week ended June 7 after a 4.9% year-over-year increase in the previous week. Redbook noted varying sales leader lists with slightly less customer focus on buying seasonal items. Consumers have become more price conscious with the tariff uncertainty, therefore warehouse and discount stores became more popular.

In corporate news, Starbucks ( SBUX ) is piloting a protein drink as part of a menu overhaul to focus on the health and wellness category in a bid to reverse sales declines, Bloomberg reported. Starbucks ( SBUX ) shares added 0.6%.

Casey's General Stores (CASY) shares jumped past 11% after the convenience store operator issued an inside comparable sales growth outlook for fiscal 2026 higher than the previous year at the midpoint, while its Q4 earnings surprisingly increased on an annual basis.

J.M. Smucker (SJM) shares fell more than 15% after its fiscal Q4 net sales decreased year on year and missed analysts' estimates.

United Natural Foods ( UNFI ) said Tuesday it's not updating its full-year sales and adjusted earnings outlook due to an ongoing assessment of a recent cybersecurity incident, even as the company reported better-than-expected fiscal Q3 results. Its shares dropped past 10%.

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