Consumer stocks declined premarket Wednesday, with the Consumer Staples Select Sector SPDR Fund (XLP) 0.3% lower and the Consumer Discretionary Select Sector SPDR Fund (XLY) recently down 0.4%.

TJX (TJX) shares were 0.4% lower after the company reported a decline in fiscal Q1 earnings.

Flutter Entertainment (FLUT) shares were down 1% after the company launched a multi-currency debt offering through its subsidiary, Flutter Treasury DAC, including USD, EUR, and GBP-denominated senior secured notes due 2031.

Target (TGT) shares fell by over 6% after the company reported lower fiscal Q1 adjusted earnings and sales, and cut its 2025 guidance.