09:12 AM EDT, 03/20/2024 (MT Newswires) -- Consumer stocks were steady pre-bell Wednesday, with the Consumer Staples Select Sector SPDR Fund (XLP) and Consumer Discretionary Select Sector SPDR Fund ( XLY ) both inactive.

Signet Jewelers ( SIG ) stock was more than 12% lower after the company reported fiscal Q4 sales of $2.5 billion, down from $2.67 billion a year earlier. Analysts surveyed by Capital IQ expected $2.55 billion.

General Mills ( GIS ) shares were up nearly 4% after the company reported fiscal Q3 adjusted earnings of $1.17 per diluted share, up from $0.97 a year earlier. Analysts polled by Capital IQ expected $1.05.

Chipotle Mexican Grill ( CMG ) said its board approved a 50-for-1 stock split. The company's shares were up over 5% in recent Wednesday premarket activity.