03:29 PM EDT, 08/01/2024 (MT Newswires) -- Consumer stocks were mixed late Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) gaining 1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) dropping 2.9%.

In corporate news, Shake Shack ( SHAK ) shares surged nearly 15% after it posted stronger-than-expected Q2 revenue growth while reiterating its same-store sales growth guidance for 2024.