03:25 PM EDT, 10/23/2024 (MT Newswires) -- Consumer stocks were lower late Wednesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 1.7%.

In corporate news, UniFirst ( UNF ) shares dropped 3.7% after the company guided for a year-over-year deceleration in fiscal 2025 earnings amid a challenging pricing environment that is weighing on retention rates.