Sector Update: Consumer Stocks Lean Lower Premarket Wednesday

MT Newswires Live12-18

Consumer stocks were leaning lower premarket Wednesday, with The Consumer Staples Select Sector SPDR Fund (XLP) down 0.1% and The Consumer Discretionary Select Sector SPDR Fund (XLY) declining 0.4%.

General Mills (GIS) shares were down nearly 4% after the company said it now expects fiscal 2025 adjusted EPS to decline 1% to 3% in constant currency, compared with its previous forecast of a 1% decline to 1% increase.

Birkenstock Holding (BIRK) stock was up over 7% after the company reported higher fiscal Q4 adjusted earnings and revenue.

Webuy Global (WBUY) shares were more than 5% higher after the company said it closed a registered direct offering of about 21 million Class A ordinary shares at $0.1756 apiece for about $3.7 million in estimated gross proceeds.

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