Sector Update: Consumer Stocks Decline Premarket Tuesday

09:13 AM EDT, 09/29/2026 (MT Newswires) -- Consumer stocks were declining premarket Tuesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.2% lower. British American Tobacco (BTI) continues to expect 2026 adjusted earnings per share growth towards the middle of its outlook range of 5% to 8% at constant exchange rates, the company said. Shares of British American Tobacco were down more than 1% pre-bell. CarMax (KMX) stock was up more than 6% after the company reported higher fiscal Q2 net earnings and net sales, and unveiled plans to resume share repurchases at "a modest level" in fiscal Q3. Wyndham Hotels Resorts' (WH) board has approved a $400 million increase to the company's share repurchase authorization, the company said. Wyndham Hotels Resorts shares were up more than 3% premarket.