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Sector Update: Consumer Stocks Mixed Late Afternoon

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Consumer stocks were mixed late Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.7%.

In corporate news, Stellantis (STLA) is targeting revenue of 190 billion euros ($220.8 billion) by 2030, versus 154 billion euros in 2025. The shares eased 0.1%.

Walmart (WMT) issued a fiscal Q2 earnings outlook below market estimates after reporting better-than-expected revenue in Q1. The shares fell 6.8%.

Ralph Lauren (RL) outlined full-year revenue guidance implying a slowdown after reporting better-than-expected fiscal Q4 results. The shares jumped 14%.

Advance Auto Parts (AAP) cautioned that demand for auto parts and vehicle maintenance may fluctuate amid high gasoline prices after Q1 results came in stronger than expected. The shares rose 14%.

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