Sector Update: Consumer Stocks Edge Higher Premarket Thursday

09:11 AM EST, 11/05/2026 (MT Newswires) -- Consumer stocks were edging higher premarket Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) advancing by 1.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.5%. Diageo (DEO) stock was up more than 2% after the company reported higher fiscal Q1 sales. Tapestry (TPR) shares were up more than 15% after the company posted higher fiscal Q1 non-GAAP earnings and net sales, and raised its fiscal 2027 outlook. Gildan Activewear (GIL) stock was down more than 23% after the company cut its 2026 outlook as it posted Q3 adjusted earnings and net sales below analysts' estimates.