03:50 PM EDT, 03/19/2025 (MT Newswires) -- Consumer stocks were rising late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) adding less than 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 2%.

In corporate news, Ollie's Bargain Outlet (OLLI) shares popped 10%. The company said it expects fiscal 2025 results to increase on an annual basis. Ollie's anticipates adjusted earnings of $3.65 to $3.75 per share for the year ending Jan. 31, 2026. That compares with last year's $3.28, which rose nearly 13% annually.

General Mills ( GIS ) lowered its full-year outlook and reported fiscal Q3 revenue below expectations as the Cheerios and Dunkaroos maker faced inventory headwinds and a slowdown in snacking categories in the US. Its shares fell 2.2%.

Signet Jewelers ( SIG ) on Wednesday unveiled a new strategy to simplify its brand portfolio and accelerate growth, while the diamond jewelry retailer issued a fiscal Q1 sales outlook above Wall Street estimates at the midpoint. Its shares jumped past 17%.

Unilever ( UL ) fired Ben & Jerry Chief Executive Dave Stever over the ice cream maker's social policies, the company said in a legal filing late Tuesday, according to media reports. Unilever ( UL ) shares were adding 0.3%.