Consumer stocks were declining pre-bell Wednesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) 0.2% lower and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.7%.

US Foods (USFD) said it increased the overall commitments under its asset-based lending agreement to $2.5 billion from $2.3 billion. Shares of US Foods were down 1.9% premarket.

Ollie's Bargain Outlet (OLLI) stock was down more than 4% after the company reported higher fiscal Q1 net sales that missed analysts' expectations.

Macy's (M) shares were up nearly 1% after the company posted higher fiscal Q1 adjusted earnings and revenue, and lifted its fiscal 2026 guidance.