09:15 AM EDT, 04/30/2024 (MT Newswires) -- Consumer stocks were declining premarket Tuesday as the Consumer Discretionary Select Sector SPDR Fund ( XLY ) was 0.9% lower and the Consumer Staples Select Sector SPDR Fund ( XLP ) was down 0.2% recently.

Coursera ( COUR ) was down nearly 16% after it issued Q2 and full-year revenue outlook that missed estimates from analysts polled by Capital IQ.

Coca-Cola (KO) was nearly 0.4% lower even after it reported higher Q1 comparable earnings and revenue.

McDonald's (MCD) was down nearly 4% even after it reported higher Q1 non-GAAP earnings and revenue.