Sector Update: Consumer

Consumer stocks were higher Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 1.2%.

Redbook US same-store sales rose by 5.3% from a year earlier in the week ended April 20 after a 4.9% year-over-year increase in the previous week.

In corporate news, PepsiCo PEP reported better-than-expected fiscal Q1 results aided by price increases, even though certain product recalls weighed substantially on the company's Quaker Foods business in North America. Its shares fell 2.3%.