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Sector Update: Consumer Stocks Fall Late Afternoon

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Consumer stocks declined late Thursday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) dropping 1.6%.

In corporate news, Walmart's (WMT) fiscal Q2 US comparable sales growth decelerated more than Wall Street expected amid a pharmacy-related headwind, while the retail giant issued a soft earnings outlook for the current quarter. The shares fell 9.1%.

Advance Auto Parts' (AAP) fiscal Q2 comparable sales unexpectedly declined amid weakness in the do-it-yourself channel, although the retailer lifted its full-year earnings outlook. The shares tumbled 26%.

Campbell's (CPB) is heading into a difficult fiscal 2027 as weakening demand, pressure in snacks, higher costs and continued reinvestment weigh on earnings, though lower fuel costs and recent tariff developments may offer some relief, UBS Securities said. Campbell's shares eased 0.3%.

Etsy (ETSY) is positioned for durable growth amid better-than-projected strategy execution and as third-party data continue to imply "conservative" guidance, BofA Securities said. Etsy shares rose 1.8%.

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