09:13 AM EST, 12/18/2024 (MT Newswires) -- Consumer stocks were leaning lower premarket Wednesday, with The Consumer Staples Select Sector SPDR Fund ( XLP ) down 0.1% and The Consumer Discretionary Select Sector SPDR Fund ( XLY ) declining 0.4%.

General Mills ( GIS ) shares were down nearly 4% after the company said it now expects fiscal 2025 adjusted EPS to decline 1% to 3% in constant currency, compared with its previous forecast of a 1% decline to 1% increase.

Birkenstock Holding ( BIRK ) stock was up over 7% after the company reported higher fiscal Q4 adjusted earnings and revenue.

Webuy Global ( WBUY ) shares were more than 5% higher after the company said it closed a registered direct offering of about 21 million Class A ordinary shares at $0.1756 apiece for about $3.7 million in estimated gross proceeds.