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Brown-Forman reported first-quarter net sales of $911 million, down 1% year-over-year, citing weak spirits demand in developed markets and ongoing Canadian distribution challenges.
Gap announced a new CEO for Old Navy effective November 2 as the struggling brand faces declining sales, causing Gap shares to jump 12% in extended trading.
BYD shares fell nearly 5% in Hong Kong following the release of interim results showing first-half net profit declined 20.5% amid fierce competition and weak domestic demand in China.
REX American Resources achieved record second-quarter net income per share, driven by stronger crush margins and the 45Z production tax credit program contributing $18.4 million to gross profit.
GitLab reported record quarterly bookings and grew first-time orders over 100% year-over-year, while introducing a new flexible consumption model and setting ambitious AI-related targets for the remainder of the fiscal year.
Corn futures retreated 7 to 8¼ cents Wednesday morning after posting gains of 6 to 8¾ cents Tuesday, with open interest rising 19,874 contracts indicating fresh buying interest.
