01:49 PM EST, 12/19/2024 (MT Newswires) -- Consumer stocks were mixed Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) little changed, erasing earlier gains, and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.3%.

In corporate news, Darden Restaurants ( DRI ) lifted its full-year revenue outlook as the restaurant operator recorded better-than-expected fiscal Q2 results. The shares jumped 15%.

Lamb Weston ( LW ) shares plunged 21%. The company reported disappointing fiscal Q2 results, lowered full-year guidance and named a new chief executive officer.

Lennar ( LEN ) shares fell 5.1% after the company recorded lower-than-expected fiscal Q4 results amid the impact of higher mortgage rates.