09:11 AM EDT, 04/01/2025 (MT Newswires) -- Consumer stocks were falling premarket Tuesday, with The Consumer Staples Select Sector SPDR Fund ( XLP ) down 0.1% and The Consumer Discretionary Select Sector SPDR Fund ( XLY ) 0.4% lower.

PVH (PVH) shares were up over 17% after the company reported fiscal Q4 non-GAAP earnings and revenue that topped analysts' estimates. The company also issued fiscal 2025 non-GAAP EPS guidance above analysts' expectations.

Dada Nexus ( DADA ) shares were over 4% higher after the company said it has agreed to a take-private merger deal with JD.com ( JD ) units JD Sunflower Investment and JD Sunflower Merger Sub.

On (ONON) said it will transition to a single-chief executive structure, with co-CEO Martin Hoffman to become its sole CEO, effective July 1. Shares of On were down more than 2% pre-bell.