Sector Update: Consumer Stocks Mixed Pre-Bell Monday
Consumer stocks were mixed pre-bell Monday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.6% higher.British American Tobacco's (BTI) Fit2Win transformation program is on track to deliver 600 million British pounds ($792.5 million) in annual cost savings by 2028, impacting about 9,000 roles globally, the company said. Shares of British American Tobacco were 0.8% lower premarket.Miniso (MNSO) said its board has approved a new share repurchase program of up to 2 billion Hong Kong dollars ($255 million) over the next 12 months starting Tuesday. Miniso stock was up more than 4% pre-bell.GameStop (GME) shares were up more than 1% after the company said it expects fiscal 2026 adjusted EBITDA in excess of $600 million.
