03:48 PM EDT, 06/25/2024 (MT Newswires) -- Consumer stocks were lower late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.3%.

Redbook US same-store sales rose by 5.3% from a year earlier in the week ended June 22 after a 5.9% year-over-year increase in the previous week. Redbook noted the soft performance of discount and department stores following Father's Day, with customers focused more on purchasing household basics and consumables compared with summer apparel and other soft goods.

In corporate news, Pool (POOL) shares tumbled past 8% after it slashed its full-year earnings outlook and said it expects declining sales to impact Q2 results as it sees "persistently weak demand" and sluggish consumer spending.

Regis (RGS) stock skyrocketed 308% after the company said Tuesday it secured a new $105 million term loan and a $25 million revolving credit facility.

Interpublic (IPG) is in discussions to sell digital agency R/GA to Tata Consultancy Services for an estimated $300 million, the Wall Street Journal reported Tuesday. Interpublic shares fell 1.9%.

Carnival (CCL) swung to fiscal Q2 adjusted earnings as revenue increased and the cruise liner lifted its 2024 guidance for adjusted earnings. Its shares jumped 8.1%.