03:51 PM EDT, 06/12/2024 (MT Newswires) -- Consumer stocks were mixed late Wednesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 1%.

In corporate news, Sony ( SONY ) has acquired Alamo Drafthouse Cinema, according to media reports Wednesday. Sony ( SONY ) shares were falling 1.2%.

Vera Bradley ( VRA ) reported Wednesday its non-GAAP net loss widened in fiscal Q1 and revenue fell more than expected by analysts. Its shares tumbled 18%.

FedEx ( FDX ) shares fell 1.4% as the company plans to cut 1,700 to 2,000 European back-office and commercial jobs to reduce costs.

Casey's General Stores (CASY) shares surged 17%, a day after the company reported stronger-than-expected increases in fiscal Q4 earnings and sales.