Sector Update: Consumer Stocks Mixed Premarket Wednesday

MT Newswires Live08-13

Consumer stocks were mixed premarket Wednesday, with the Consumer Staples Select Sector SPDR Fund (XLP) 0.2% lower and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.3%.

Global-e Online (GLBE) shares were up more than 12% after the company reported that it swung to Q2 earnings as revenue increased during the period. Global-e Online also raised its 2025 revenue outlook.

CAVA Group (CAVA) stock was down more than 22% after the company lowered its full-year same restaurant sales growth outlook and reported revenue below the estimates.

Brinker International (EAT) shares were up more than 7% after the company posted higher fiscal Q4 non-GAAP net income and total revenue.

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