Sector Update: Consumer Stocks Advance Pre-Bell Friday

MT Newswires Live
2024-12-06

Consumer stocks were advancing pre-bell Friday as the Consumer Staples Select Sector SPDR Fund (XLP) was up 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) was 0.8% higher recently.

Lululemon athletica (LULU) shares were over 8% higher after the company reported a surge in fiscal Q3 earnings and revenue, and raised its guidance for fiscal 2024.

Ulta Beauty (ULTA) shares were up more than 10% after the company reported higher fiscal Q3 earnings and net sales. The company also raised its fiscal 2024 earnings per share guidance.

Petco Health & Wellness (WOOF) shares rallied past 23% after the company reported a fiscal Q3 adjusted loss that narrowed year-over-year as net sales increased during the period.

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