09:10 AM EST, 11/13/2024 (MT Newswires) -- Consumer stocks were advancing pre-bell Wednesday as the Consumer Staples Select Sector SPDR Fund ( XLP ) was up 0.1% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) was 0.7% higher recently.

CAVA Group ( CAVA ) shares rose past 16% after the company reported higher fiscal Q3 earnings and revenue. The company also raised its 2024 same-restaurant sales growth outlook.

Dole (DOLE) shares were down over 3% after the company reported a decline in Q3 adjusted earnings.

Arcos Dorados ( ARCO ) shares were over 4% higher even after the company reported a lower net income and almost flat revenue for Q3.