01:49 PM EDT, 10/30/2025 (MT Newswires) -- Consumer stocks were mixed Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 1.3%.

In sector news, US President Donald Trump said he has agreed to lower tariffs on China to 47% from 57% after concluding trade talks with Chinese President Xi Jinping in Busan, South Korea, on Thursday. Trump and Xi met for 90 minutes in their first face-to-face encounter since 2019.

In corporate news, Restaurant Brands International (QSR) posted better-than-expected Q3 results Thursday, buoyed by same-store sales gains at Burger King and Tim Hortons. Its shares rose almost 2%.

Chipotle Mexican Grill ( CMG ) shares fell more than 16% after the company lowered its full-year comparable restaurant sales guidance.

Kimberly-Clark ( KMB ) shares climbed 2.5% after the company reported higher Q3 net sales that also topped analysts' expectations.