03:46 PM EST, 12/19/2024 (MT Newswires) -- Consumer stocks were mixed late Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) easing 0.2%, and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.3%.
In corporate news, CarMax ( KMX ) expects comparable sales to improve sequentially in Q4, pointing to an acceleration so far in December compared with Q3's performance. Chief Executive Bill Nash told analysts on a conference call that the company expects comparable sales to be "stronger" on a sequential basis in Q4. CarMax ( KMX ) shares popped 4%.
Soho House ( SHCO ) shares surged nearly 49% after it said Thursday it received a $9 per share acquisition offer from a consortium earlier this week.
Regis (RGS) shares gained 7.4% after the company said it acquired Alline Salon Group, its largest franchisee, in a cash-and-stock deal valued at $22 million in initial consideration.
Darden Restaurants ( DRI ) lifted its full-year revenue outlook as the restaurant operator recorded better-than-expected fiscal Q2 results. The shares jumped 15.6%.