09:09 AM EDT, 05/08/2024 (MT Newswires) -- Consumer stocks were mixed premarket Wednesday with the Consumer Staples Select Sector SPDR Fund ( XLP ) recently up 0.1% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) down 1%.

Grocery Outlet ( GO ) declined by nearly 15% after it reported fiscal Q1 adjusted earnings of $0.09 per diluted share, down from $0.27 a year earlier. The company also lowered its fiscal 2024 adjusted earnings outlook.

BRF (BRFS) advanced by over 7% after reporting that it swung to a Q1 net income as net revenue increased during the period.

Anheuser-Busch Inbev ( BUD ) was up nearly 5% after it reported higher Q1 underlying earnings and revenue.