03:49 PM EDT, 04/25/2024 (MT Newswires) -- Consumer stocks were mixed in late Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) decreasing 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.1%.
In corporate news, Inter Parfums ( IPAR ) shares plunged 10%, a day after the company reported Q1 net sales that trailed estimates by analysts.
Mama's Creations (MAMA) shares jumped 9.1%, a day after the company reported fiscal Q4 earnings that topped estimates by analysts.
Keurig Dr Pepper ( KDP ) reported stronger-than-expected Q1 financial results while announcing that Chief Operating Officer Tim Cofer will begin serving as chief executive officer on Friday. The shares rose 4.6%.
Southwest Airlines ( LUV ) lowered its 2024 revenue outlook amid Boeing (BA) delivery delays after reporting weaker-than-expected Q1 results, while American Airlines ( AAL ) swung to a bigger-than-expected quarterly loss. Southwest ( LUV ) shares tumbled 7.3%, and American rose 1.3%.