03:44 PM EDT, 10/30/2024 (MT Newswires) -- Consumer stocks were mixed late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.1%.

In corporate news, Standard Motor Products ( SMP ) shares surged nearly 19% after the company reported higher non-GAAP earnings and revenue in Q3, while maintaining its outlook for 2024.

Wingstop ( WING ) shares (WING) plunged 21% after the fast-food restaurant's Q3 earnings missed forecasts, while Shake Shack ( SHAK ) shares jumped past 8% after it delivered a quarterly beat.

VF (VFC) unveiled Wednesday its medium-term financial targets, including an adjusted operating margin of at least 10% by fiscal 2028. Its shares popped 3.7%.

Chefs' Warehouse ( CHEF ) shares fell nearly 5% after the company reported lower-than-expected Q3 net sales and narrowed its full-year net sales guidance.