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Sector Update: Consumer Stocks Mixed Late Afternoon

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Consumer stocks were mixed late Wednesday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 1%.

In corporate news, Brinker International (EAT) shares jumped 11% after the company provided an upbeat fiscal 2027 financial guidance at the midpoint, confident that its Chili's brand will sustain the growth momentum that drove strong Q4 results.

Uber (UBER) is working on a rides option for children 10 to 12 years old, Bloomberg reported Wednesday, citing publicly available code from the latest version of Uber's iOS app. Uber shares were down 3.4%.

Home Depot (HD) said CEO Ted Decker is taking a temporary medical leave of absence and is expected to return within the next few months. Senior Executive Vice President Ann-Marie Campbell and Chief Financial Officer Richard McPhail will oversee the operations of the office of the CEO during Decker's absence. Home Depot shares fell 2.7%.

Nelson Peltz's Trian Fund Management is building a consortium of investors for a take-private bid for Wendy's (WEN), the Financial Times reported. The consortium, which may include Flynn Group and BlueFive, may submit its bid in the coming weeks, the report said. Wendy's shares jumped past 13%.

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