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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) fractionally lower and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.5%.

In corporate news, Burlington Stores (BURL) increased its full-year outlook Thursday, but its guidance for the ongoing quarter indicated a sequential slowdown in comparable sales growth. Its shares fell 9%.

Caesars Entertainment (CZR) has agreed to be acquired and taken private by Fertitta Entertainment in an all-cash deal worth roughly $17.6 billion, the companies said in separate statements Thursday. Caesars shares were up 1%.

Dollar Tree (DLTR) shares jumped past 17% after it posted higher fiscal Q1 adjusted earnings and revenue, and raised its fiscal 2026 adjusted EPS guidance.

Best Buy (BBY) shares climbed 16% after it reported higher-than-expected fiscal Q1 adjusted earnings and revenue.

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