01:44 PM EST, 02/19/2025 (MT Newswires) -- Consumer stocks were mixed Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.3%.

Redbook US same-store sales accelerated by 6.3% from a year earlier in the week ended Feb. 15 after a 5.3% year-over-year increase in the previous week.

In corporate news, Wingstop ( WING ) shares fell 14% after the company reported Q4 revenue below Wall Street expectations and guided for a slowdown in same-store sales growth for 2025.

Nikola ( NKLA ) shares dropped 40%. The company said Wednesday it and some subsidiaries filed voluntary petitions for Chapter 11 bankruptcy in the US Bankruptcy Court for the District of Delaware.

General Motors ( GM ) Chief Financial Officer Paul Jacobson said Wednesday at a conference that the company would need to consider moving plants if US tariffs become permanent, Reuters reported. GM shares were down 1.6%.