01:42 PM EDT, 04/01/2026 (MT Newswires) -- Consumer stocks were mixed Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.6% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 1.3%.

In corporate news, Nike ( NKE ) shares tumbled 14% after the sportswear giant forecast revenue to decline in its fiscal Q4 year over year amid persistent weakness in the key China region, even though the company's sales unexpectedly increased annually in the previous three-month period.

Cal-Maine Foods ( CALM ) fiscal Q3 results fell year over year amid lower egg prices, although the company expects earnings to stabilize in the long term. Its shares rose 5%.

Conagra Brands ( CAG ) lowered its full-year earnings outlook on Wednesday as the packaged food company reported mixed fiscal Q3 results, with earnings falling short of market estimates. Conagra shares were down 0.7%.