Sector Update: Consumer Stocks Advance in Afternoon Trading

01:57 PM EDT, 06/04/2026 (MT Newswires) -- Consumer stocks rose Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) edging up 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gaining 0.4%.

In corporate news, Costco (COST) shares rose 1.5% after the company reported net sales of $24.01 billion in May, up from $20.97 billion a year earlier.

Brown-Forman's (BF.A, BF.B) fiscal Q4 earnings unexpectedly declined on an annual basis, while the wine and spirits maker projected flat organic sales this year amid a weak consumer backdrop. Its Class A shares were up 0.8%, and the Class B shares rose 1.4%.

Toro (TTC) on Thursday lifted its full-year outlook on the back of a fiscal Q2 beat that came amid broad-based customer demand and margin expansion. Toro shares added 1.1%.

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Consumer stocks advanced Thursday afternoon, with XLP up 0.1% and XLY gaining 0.4%. Costco rose 1.5% on strong May sales of $24.01 billion. Brown-Forman shares gained despite Q4 earnings decline and flat sales outlook. Toro lifted its full-year forecast following a Q2 beat, adding 1.1%.

In corporate news, Costco (COST) shares rose 1.5% after the company reported net sales of $24.01 billion in May, up from $20.97 billion a year earlier.

Toro (TTC) on Thursday lifted its full-year outlook on the back of a fiscal Q2 beat that came amid broad-based customer demand and margin expansion. Toro shares added 1.1%.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.