03:05 PM EDT, 07/11/2025 (MT Newswires) -- Consumer stocks were mixed late Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.1%.

In corporate news, Kraft Heinz ( KHC ) is preparing to spin off a large portion of its grocery business, including many Kraft products, into a new entity that may be valued at up to $20 billion, The Wall Street Journal reported Friday. Kraft Heinz ( KHC ) shares were rising 1.8%.