03:37 PM EDT, 07/11/2025 (MT Newswires) -- Consumer stocks were mixed late Friday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) gaining 0.2%.

In corporate news, Kraft Heinz ( KHC ) is preparing to spin off a large portion of its grocery business, including many Kraft products, into a new entity that may be valued at up to $20 billion, The Wall Street Journal reported. Kraft shares gained 2.2%.

United Airlines (UAL) and JetBlue Airways' ( JBLU ) proposed Blue Sky partnership may reduce competition and raise fares, Democratic Senator Richard Blumenthal said in a letter to the chief executive officer, Reuters reported. United shares fell 4.3%, and JetBlue ( JBLU ) dropped 3.6%.

PepsiCo's (PEP) Q2 earnings may trail market expectations amid tepid North American sales for both food and beverages, BofA Securities said. PepsiCo shares shed 0.6%.

Levi Strauss (LEVI) shares jumped 11%, a day after the company lifted full-year earnings and sales guidance on the back of stronger-than-expected fiscal Q2 results.

Performance Food ( PFGC ) has drawn takeover interest from US Foods ( USFD ) for a potential deal that would establish a food distribution company with $100 billion in sales, Bloomberg reported. Performance shares jumped 5.7%, and US Foods ( USFD ) rose 0.9%.