Consumer stocks were higher premarket Friday, with the Consumer Staples Select Sector SPDR Fund (XLP) advancing 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 1.3% recently.

Lululemon Athletica (LULU) shares were down more than 18% after the company issued Q2 and full year earnings per share guidance below analysts' expectations.

G-III Apparel (GIII) shares were nearly 9% lower after the company issued fiscal Q2 guidance below analysts' expectations.

Royal Caribbean Group (RCL) said board chair Richard Fain will step down in Q4 and will be succeeded by Chief Executive Jason Liberty. Royal Caribbean shares were up 1.3% recently.