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Sector Update: Consumer Stocks Advance Pre-Bell Wednesday

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Consumer stocks were advancing pre-bell Wednesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) fractionally higher and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.3%.

G-III Apparel (GIII) shares were down nearly 10% after the company reported lower fiscal Q2 net sales and issued fiscal Q3 outlook below expectations.

Brown-Forman (BF.A, BF.B) stock was up more than 3% after the company posted higher fiscal Q1 earnings.

Kontoor Brands (KTB) shares were 0.6% higher after the company said it is targeting more than $1.1 billion in revenue from Helly Hansen by 2030 as it pursues global expansion of the premium technical apparel brand.

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