Sector Update: Consumer Stocks Decline Premarket Friday

09:12 AM EDT, 09/04/2026 (MT Newswires) -- Consumer stocks were declining premarket Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) 0.2% lower and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.8%. Lululemon Athletica (LULU) stock was down more than 19% after the company posted lower fiscal Q2 earnings and revenue, and cut its fiscal 2026 outlook. Mama's Creations (MAMA) shares were up more than 8% after the company reported higher Q2 earnings and revenue. American Outdoor Brands (AOUT) stock rose past 27% after the company reported that it swung to fiscal Q1 non-GAAP earnings amid higher revenue.