03:42 PM EDT, 09/11/2024 (MT Newswires) -- Consumer stocks were mixed late Wednesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) dropping 1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.6%.

In corporate news, Rentokil Initial ( RTO ) shares tumbled 21% after the company cut its North American organic revenue growth guidance to 1% in H2.

McDonald's (MCD) is launching ordering terminals in the US that accept cash and give back change, Bloomberg reported Wednesday. The fast food giant's shares were shedding 0.5%.

BurgerFi International ( BFI ) filed for Chapter 11 bankruptcy protection that will involve only the 67 corporate-owned locations of its brands. The shares sank 22%.

Designer Brands ( DBI ) shares slid 13% after the company reported lower results for fiscal Q2 and cut its outlook for fiscal 2024.