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Sector Update: Consumer Stocks Mixed Premarket Wednesday
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Sector Update: Consumer Stocks Mixed Premarket Wednesday
Oct 30, 2024 6:53 AM

09:18 AM EDT, 10/30/2024 (MT Newswires) -- Consumer stocks were mixed premarket Wednesday, with The Consumer Staples Select Sector SPDR Fund ( XLP ) slightly lower and The Consumer Discretionary Select Sector SPDR Fund ( XLY ) up 0.3%.

Brinker International ( EAT ) shares were up over 7% after the company reported higher fiscal Q1 adjusted earnings and revenue in addition to raising its fiscal 2025 outlook.

Smurfit Westrock ( SW ) stock was 4% higher after the company's Q3 net sales rose to $7.67 billion from $2.92 billion a year earlier.

Kraft Heinz ( KHC ) shares were more than 3% lower after the company reported fiscal Q3 net sales of $6.38 billion, down from $6.57 billion a year earlier.

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