Consumer stocks were rising late Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) and the Consumer Discretionary Select Sector SPDR Fund (XLY) each rising 0.3%.
Peloton (PTON) shares jumped 11% after the company raised the midpoint of fiscal 2025 revenue guidance and reported better-than-expected sales in the December quarter.
Luxury fashion companies Tapestry (TPR) and Ralph Lauren (RL) on Thursday raised their full-year revenue outlooks after logging stronger-than-projected sales in the holiday quarter. Tapestry shares surged 11% and Ralph Lauren spiked 9%.
Yum! Brands (YUM) shares were up 9% after it reported Q4 earnings ahead of market expectations.
Philip Morris International (PM) issued an upbeat full-year earnings outlook on Thursday as the tobacco company reported Q4 results above market expectations amid robust demand for its smoke-free products and ZYN nicotine pouches. Its shares jumped past 10%.
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