Sales continue to slide at Lands’ End. The retailer reported a nearly ten percent decline in first quarter revenue as the company continues to struggle with a weak retail environment and foreign currency impacts. Shares were off 4.5 percent to $27.39.
J.M. Smucker out with mixed results today. The food company behind brands like Folgers coffee and Pillsbury, reported weak quarterly sales and a disappointing outlook for full-year earnings. This as higher costs and shifts in consumer eating habits are weighing on its performance. Shares tumbled almost four percent to $113.75.
Securities regulators are investigating allegations that Dow Chemical’s CEO, Andrew Liveris, misused company funds for his personal benefit, according to reports. It is not clear whether the probe is limited to the spending allegations or is broader in scope. Shares of Dow Chemical were up a fraction to $53.05.
Navistar reported a decline in revenue, even as cost cutting helped to narrow its loss. The commercial vehicle company has been struggling to gain market share despite red-hot demand for commercial trucks in North America. Shares tumbled eight percent to $24.82.
Rite Aid saw same-store sales rise two percent in may led by growth in the pharmacy section. But analysts were expecting a bigger increase. Shares fell nearly four percent to $8.34.