Consumer stocks were edging higher pre-bell Monday as the Consumer Staples Select Sector SPDR Fund (XLP) was advancing by 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) was up almost 1% recently.

MGM Resorts International (MGM) and Entain's BetMGM venture said it now expects at least $2.6 billion in 2025 net revenue, up from its previous outlook range of $2.4 billion to $2.5 billion. Shares of MGM Resorts International were up more than 3% premarket.

Victoria's Secret (VSCO) shareholder Barington Capital Group urged the company to "refresh" its board and cancel a shareholder rights plan as part of its proposed action plan for Victoria's Secret to "regain its footing." Victoria's Secret shares were more than 7% higher pre-bell.

Darling Ingredients (DAR) shares were up more than 1% after the company said its Darling Global Finance unit has launched a 750 million-euro ($868.4 million) offering of senior notes.