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Sector Update: Consumer Stocks Edge Higher Premarket Friday

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Consumer stocks were edging higher premarket Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advancing by 0.5%.

US Foods (USFD) was awarded a maximum $167 million firm-fixed-price with economic-price-adjustment, indefinite-delivery/indefinite-quantity contract for full-line food and beverage items by the Defense Logistics Agency, the US Department of Defense said. US Foods shares were down 2% pre-bell.

Sleep Number (SNBR) said it agreed to combine with Sleep Country Canada under an asset purchase agreement and launched a voluntary Chapter 11 sale process to facilitate the transaction. Sleep Number shares were down 38% premarket.

Build-A-Bear Workshop's (BBW) said Chief Operations and Experience Officer Chris Hurt assumed the role of chief executive officer on Thursday as part of a planned succession. Build-A-Bear Workshop stock was down more than 1% pre-bell.

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