09:13 AM EDT, 10/01/2024 (MT Newswires) -- Consumer stocks were mixed premarket Tuesday as the Consumer Discretionary Select Sector SPDR Fund ( XLY ) was marginally higher and the Consumer Staples Select Sector SPDR Fund ( XLP ) was recently down 0.1%.

United Natural Foods ( UNFI ) shares rose past 13% after the company reported that it swung to fiscal Q4 adjusted earnings as net sales increased.

Arcos Dorados Holdings ( ARCO ) shares gained by more than 17% after the company said it notified McDonald's (MCD) that it plans to exercise the renewal option of their master franchise agreement.

McCormick ( MKC ) shares advanced by more than 1% after the company reported fiscal Q3 adjusted earnings of $0.83 per diluted share, up from $0.65 a year earlier. The company also raised its fiscal 2024 outlook for adjusted EPS and net sales.