Sector Update: Consumer Stocks Edge Higher Premarket Thursday
Consumer stocks were edging higher premarket Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advancing by 0.5%.National Beverage (FIZZ) shares were up more than 6% after the company reported lower fiscal 2026 earnings and revenue.Dollar Tree's (DLTR) board has replenished the company's share repurchase authorization to $2.5 billion. Dollar Tree stock was up more than 1% pre-bell.Coca-Cola (KO) has asked investment banks to offer proposals for an initial public offering of its Indian bottling unit in a deal that could raise about $1 billion and could value the company at $10 billion, Bloomberg reported, citing people familiar with the matter. Coca-Cola stock was 0.3% higher premarket.
