Consumer stocks were falling pre-bell Monday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) slightly declining and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.6%.

Domino's Pizza (DPZ) shares were up more than 6% after the company posted higher fiscal Q4 earnings and revenue, and raised its quarterly dividend by 15%.

PENN Entertainment (PENN) stock was down more than 1% after the company said it appointed three independent directors to its board as part of a cooperation agreement with activist investor HG Vora Capital Management.

Lululemon Athletica (LULU) said it will open its 100th store in its Europe, Middle East and Africa market on March 13. Lululemon Athletica shares were nearly 1% lower premarket.