The company also reported weaker earnings than expected.
Darden Restaurants Inc. (DRI) on Thursday reported fiscal first-quarter profit of $166.2 million.
Qatar Airways says it suffered a $69 million loss this year off revenue of $11.5 billion amid a boycott of Doha by four Arab nations.
General Mills Inc. (GIS) on Tuesday reported fiscal first-quarter net income of $392.3 million.
The growing economy, lower taxes and changing habits of American shoppers are helping boost profit at FedEx Corp.
Sales in the company's cloud services and license support unit disappointed.
Employee compensation and other expenses weighed on margins.
Sears has shuttered dozens of stores in recent months in a bid to trim operating costs after several years of major sales declines.
The latest on developments in financial markets (all times local): 9:35 a.m.
The company, based in Cincinnati, Ohio, said its adjusted gross margin fell 36 basis points in the second quarter from a year earlier.
New Zealand's largest company, which sells dairy products, says it will completely review its business after a disastrous financial year saw it post its first-ever loss.
Stocks that moved substantially or traded heavily on Friday: Tesla Inc., down $17.71 to $263.24
Lego said Tuesday its revenue dipped in the first half of 2018, with business in North America hurt by changes in the retail industry such as the bankruptcy of store chain Toys R Us.
American Outdoor Brands beat Wall Street’s expectations for quarterly earnings.
David Almasi is part of a conservative group that focuses on free-market investor activism.
National Center for Public Policy Research's David Almasi on the impact on Dick's Sporting Goods' sales from the retailer's gun policy.
The company has already raised prices on its products in some markets to offset the European Union’s 25 percent tariff on American whiskey products.
The company discontinued sales of rifles and enacted a 21-and-over age limit on all firearm sales after a deadly shooting at a Florida high school left 17 dead last February.
The company had predicted that its hunting guns business would be pressurized due to the change in its gun sales policy but said the move also attracted more people to its stores.
Brown-Forman Corp. on Wednesday reported fiscal first-quarter net income of $200 million.