01:51 PM EDT, 06/06/2024 (MT Newswires) -- Consumer stocks were higher Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) adding 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.7%.

In corporate news, J.M. Smucker (SJM) reported better-than-expected fiscal Q4 earnings, while guiding to annual sales growth in fiscal 2025. Its shares popped nearly 5%.

Lyft ( LYFT ) said Thursday it expects a gross bookings compound annual growth rate of about 15% from full-year 2024 to full-year 2027. The target was among those released as part of the company's first investor day. Lyft ( LYFT ) shares were up 3%.

Instacart's (CART) board has approved a share buyback plan to buy up to $500 million of the company's common stock. Its shares jumped 8%.