Sector Update: Consumer

01:01 PM EDT, 08/27/2026 (MT Newswires) -- Consumer stocks were lower Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.9% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.8%. In corporate news, Hormel Foods (HRL) lowered its fiscal 2026 sales outlook on Thursday as it reported mixed Q3 results, with the top line pressured amid a challenging consumer environment. Its shares fell past 9%.