01:47 PM EST, 11/05/2025 (MT Newswires) -- Consumer stocks were higher Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 1.3%.

In corporate news, McDonald's (MCD) Q3 earnings unexpectedly declined year over year, but comparable sales topped market estimates amid broad-based growth across all segments. Its shares climbed 2%.

Cinemark's (CNK) Q3 revenue topped estimates, while the theater chain increased its quarterly dividend after eliminating all of its remaining debt related to the COVID-19 pandemic. Cinemark shares popped 5.2%.

Monro ( MNRO ) shares jumped nearly 18% after billionaire investor Carl Icahn, a 10% stakeholder, bought 639,473 shares of the auto repair company for $9.71 million, according to a filing with the US Securities and Exchange Commission.