09:11 AM EDT, 04/03/2025 (MT Newswires) -- Consumer stocks declined premarket Thursday as the Consumer Staples Select Sector SPDR Fund ( XLP ) was down 1.4% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) recently fell by 5.4%.

Nike ( NKE ) shares were down more than 14%, a day after US President Donald Trump announced tariff hikes on several major apparel-exporting countries.

RH (RH) shares fell by over 33% after the company reported fiscal Q4 earnings and sales that missed analysts' expectations.

Conagra Brands ( CAG ) shares declined by over 2% after the company reported lower fiscal Q3 adjusted earnings and net sales.