03:58 PM EDT, 08/07/2025 (MT Newswires) -- Consumer stocks were mixed late Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.3%.
In corporate news, Ralph Lauren ( RL ) raised its full-year revenue outlook as Q1 results came in stronger than expected, although the company signaled prudence for H2 amid concerns over tariffs. Its shares were falling past 6%.
Restaurant Brands International's (QSR) Q2 earnings missed Wall Street's estimates even as comparable sales rose more than expected amid gains at Tim Hortons and Burger King. Restaurant Brands shares fell 4.5%.
Crocs ( CROX ) shares tumbled 29% after the firm said it expects Q3 revenue to fall year over year, while it opted against reinstating its full-year outlook amid cautious consumer spending behavior.
US Foods ( USFD ) shares dropped 5% after its Q2 revenue fell short of market expectations, while it confirmed takeover interest in rival Performance Food (PFGC). Performance Food shares were down 0.7%.