Consumer stocks were lower premarket Monday, with The Consumer Staples Select Sector SPDR Fund (XLP) down 0.3% and The Consumer Discretionary Select Sector SPDR Fund (XLY) declining marginally.

Kimberly-Clark (KMB) shares were down more than 14% pre-bell, while Kenvue (KVUE) stock rose more than 17% after the companies said Kimberly-Clark will acquire Kenvue in a cash and stock deal valuing the company at about $48.70 billion on an enterprise basis.

Freshpet (FRPT) shares were up more than 10% pre-bell after the company reported higher Q3 earnings and net sales.

Kontoor Brands (KTB) shares advanced 2.4% after the company reported higher fiscal Q3 adjusted earnings and net revenue in addition to raising its 2025 adjusted earnings outlook.