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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 1.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) dropping 1.1%.

In corporate news, Hormel Foods (HRL) lowered its fiscal 2026 sales outlook after reporting mixed Q3 results with sales falling amid soft consumer demand. The stock slumped 10%.

Celsius Holdings (CELH) shares fell 6.1% after Deutsche Bank downgraded the stock to hold from buy and raised its price target to $35 from $30.

Dollar General (DG) and Dollar Tree (DLTR) raised their full-year earnings outlooks as the discount retailers' earnings benefited from tariff refunds in fiscal Q2. Dollar General shares rose 2.9%, and Dollar Tree fell 3.2%.

Unilever (UL) hired Rothschild to market its 212-year-old Colman's mustard brand as it seeks to address potential competition concerns from the planned combination of its food business with McCormick (MKC), Sky News reported. Unilever shares fell 0.7%.

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Sector Update: Consumer Stocks Softer Late Afternoon

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Sector Update: Consumer Stocks Fall Late Afternoon | FINWIRES