01:51 PM EDT, 03/19/2025 (MT Newswires) -- Consumer stocks were mixed Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.8%.

In corporate news, General Mills ( GIS ) lowered its full-year outlook and reported fiscal Q3 revenue below expectations as the Cheerios and Dunkaroos maker faced inventory headwinds and a slowdown in snacking categories in the US. Its shares fell 2.4%.

Signet Jewelers ( SIG ) on Wednesday unveiled a new strategy to simplify its brand portfolio and accelerate growth, while the diamond jewelry retailer issued a fiscal Q1 sales outlook above Wall Street estimates at the midpoint. Its shares jumped past 17%.

Williams-Sonoma ( WSM ) said Wednesday that its set up well for 2025 after reporting stronger-than-expected fiscal Q4 results. Its shares were still falling 7%.