01:47 PM EDT, 04/25/2024 (MT Newswires) -- Consumer stocks were lower Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) decreasing fractionally and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.4%.

In corporate news, Keurig Dr Pepper ( KDP ) reported stronger-than-expected Q1 financial results on Thursday while announcing that Chief Operating Officer Tim Cofer will begin serving as chief executive on Friday. Its shares rose 4.3%.

Southwest Airlines ( LUV ) lowered its 2024 revenue outlook amid Boeing (BA) delivery delays after reporting weaker-than-expected Q1 results, while American Airlines ( AAL ) swung to a bigger-than-expected quarterly loss. Southwest ( LUV ) shares tumbled almost 9% while American was up 0.2%.

Harley-Davidson ( HOG ) shares dropped nearly 17% after the company reported lower Q1 results.