Consumer stocks were leaning lower premarket Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) declining by 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.2%.

PepsiCo (PEP) stock was down more than 2% even after the company posted higher fiscal Q2 core earnings and net revenue.

Simply Good Foods (SMPL) shares were up more than 17% after the company raised its fiscal 2026 net sales outlook.

Buckle (BKE) reported that its net sales for the 5-week fiscal month ended July 4 grew 5.2% year on year to $112 million. Buckle shares were up more than 3% pre-bell.