Consumer stocks were advancing pre-bell Monday, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) 0.9% higher.

Keurig Dr Pepper (KDP) shares were up 11% after the company reported higher Q3 adjusted earnings and net sales. Keurig Dr Pepper also raised its full-year sales growth outlook and said it entered into two investment agreements totaling $7 billion.

Amazon (AMZN) shares were up nearly 2% after the company said it will invest more than 1.4 billion euros ($1.63 billion) in the Netherlands over the next three years. Amazon also said it has helped Indian sellers surpass $20 billion in total exports through its global selling program, ahead of its 2025 goal.

Carter's (CRI) stock was down more than 5% after the company posted lower fiscal Q3 adjusted earnings and revenue. Carter's also said it plans to cut about 300 office-based jobs, or 15% of its workforce, by the end of 2025.