Consumer shares were mixed pre-bell Wednesday, with the Consumer Staples Select Sector SPDR Fund (XLP) marginally down and the Consumer Discretionary Select Sector SPDR Fund (XLY) 0.2% higher recently.
Brinker International (EAT) shares rose more than 13% in recent premarket activity after the company reported higher fiscal Q2 non-GAAP earnings and revenue.
Diageo (DEO) said Tuesday it is selling its 80.4% stake in Guinness Ghana Breweries to Castel Group for $81 million but will keep ownership of the Guinness brand, which will be licensed to Guinness Ghana through a long-term deal. The company's shares fell 1.4% pre-bell Wednesday.
Starbucks (SBUX) shares rose 3% pre-bell Wednesday after it reported fiscal Q1 non-GAAP net income and net revenue late Tuesday that exceeded market expectations.
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