09:18 AM EST, 11/20/2024 (MT Newswires) -- Consumer stocks were leaning lower pre-bell Wednesday with the Consumer Staples Select Sector SPDR Fund ( XLP ) down 0.7% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) 0.2% lower recently.

Target ( TGT ) shares fell past 15% after the company reported a decline in Q3 adjusted earnings and issued Q4 and 2024 guidance for adjusted earnings per share below analysts' expectations.

Williams-Sonoma ( WSM ) shares rallied by over 26% after the company reported higher fiscal Q3 non-GAAP earnings. The company also said its board approved in September a new $1 billion stock buyback capacity.

Global-e Online ( GLBE ) shares advanced by over 11% after the company reported a narrowed Q3 net loss as revenue increased during the period.