03:57 PM EST, 11/04/2025 (MT Newswires) -- Consumer stocks were mixed late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) adding 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 1.6%.

In corporate news, Apollo Global Management (APO) has withdrawn its bid to take Papa John's International (PZZA) private at $64 per share, Reuters reported. Papa John's shares fell 9.9%.

Shopify ( SHOP ) issued revenue guidance for the ongoing quarter, implying a sequential slowdown in annual growth as its gross margin fell in Q3 despite sales and earnings topping expectations. Its shares dropped 6.6%.

Yum Brands ( YUM ) shares jumped 7.1% after it said Tuesday that it began exploring strategic options for its Pizza Hut brand, which continued to struggle amid falling comparable sales in Q3.

Tesla (TSLA) shareholder Norges Bank Investment Management has decided to vote against the proposed $1 trillion compensation package for the electric vehicle maker's chief executive, Elon Musk, citing various concerns. Tesla shares fell 4.5%.

Starbucks ( SBUX ) agreed to sell a majority stake in its retail operations in China to Boyu Capital as part of a joint venture agreement between the coffee giant and the Chinese private equity firm. Starbucks ( SBUX ) shares were down 1.8%.