03:48 PM EST, 11/05/2025 (MT Newswires) -- Consumer stocks advanced late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 1.2%.

In corporate news, Warner Bros. Discovery ( WBD ) , which is exploring strategic options, including a possible sale, plans to outline its decision by mid- to late December, CNBC reported Wednesday, citing people familiar with the matter. Warner Bros. shares were rising 0.6%.

McDonald's (MCD) Q3 earnings unexpectedly declined year over year, but comparable sales topped market estimates amid broad-based growth across all segments. Its shares climbed 2.8%.

Cinemark's (CNK) Q3 revenue topped estimates, while the theater chain increased its quarterly dividend after eliminating all of its remaining debt related to the COVID-19 pandemic. Cinemark shares popped 6.5%.

Starbucks' ( SBUX ) unionized baristas are planning to strike next week in a push for a labor contract after years of stalled negotiations, Bloomberg reported, citing Silvia Baldwin, a Philadelphia barista and union delegate. Starbucks ( SBUX ) was up 4%.

Monro ( MNRO ) shares jumped 16% after billionaire investor Carl Icahn, a 10% stakeholder, bought 639,473 shares of the auto repair company for $9.71 million, according to a filing with the US Securities and Exchange Commission.