03:48 PM EDT, 05/30/2025 (MT Newswires) -- Consumer stocks were mixed late Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 1.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) easing 0.1%.

In corporate news, Rivian Automotive ( RIVN ) aims to raise up to $2 billion in a potential bond sale led by JPMorgan Chase (JPM), Bloomberg reported. Rivian shares fell 3.2%.

Costco (COST) reported fiscal Q3 earnings and revenue above market estimates, while comparable sales trailed expectations. The shares rose 3.8%.

Gap (GAP) shares dropped past 19% after the company forecast flat sales for fiscal Q2 and warned that renewed tariffs may cut as much as $150 million from operating income in fiscal 2025.

Ulta Beauty's ( ULTA ) strong quarterly results in a challenging environment prompted Oppenheimer to boost its price target on the stock to $510 from $465. Ulta shares jumped more than 11%.

Red Robin Gourmet Burgers ( RRGB ) shares surged 66% after it reported a swing to fiscal Q1 adjusted earnings and higher revenue late Thursday.