Cracker Barrel Old Country Store (NASDAQ:CBRL) shares fell as markets reacted negatively to the unveiling of a new logo as part of a broader rebranding initiative that removes one of its most recognizable brand elements.
The restaurant chain replaced its long-standing emblem, an illustration of a white man in jean overalls resting his arm on a barrel, which had been part of the logo since 1977, with a minimalist, text-only design.
Instacart (NASDAQ:CART) shares moved lower after Wedbush downgraded the company to ‘Underperform’ from ‘Neutral’ and lowered its price target to $42 from $55, with analysts citing intensifying competition in the grocery delivery space.
“Instacart has demonstrated healthy gross transaction volume (GTV) growth and an improving margin trajectory over the last few quarters, tempering some investor concern,” the analysts wrote.
US Gold Corp (NASDAQ:USAU) said on Thursday it will adopt Glencore Technology’s Jameson Cell flotation equipment at its CK Gold Project in Wyoming, a move it expects will enhance gold and copper recovery and improve project economics.
The decision follows a series of engineering and trade-off studies as part of the company’s definitive feasibility study and execution plan.
Santacruz Silver Mining Ltd (TSX-V:SCZ, OTC:SZSMF) reported a sharp jump in second-quarter profit as lower costs and operational efficiencies helped offset weaker production at its Bolivar mine.
The Canadian miner posted net income of $21 million for the three months ended June 30, up 1,348% from a year earlier.
Graphene Manufacturing Group Ltd (TSX-V:GMG, OTCQX:GMGMF) announced that it has increased the size of its previously disclosed bought deal public offering to $C6 million from C$5 million, citing strong investor demand.
Under the revised terms, sole underwriter and bookrunner Red Cloud Securities has agreed to purchase for resale 6,666,667 units of the company at C$0.90 per unit.
Canadian Solar Inc. (NASDAQ:CSIQ) shares slumped after the company’s second quarter earnings disappointed and it issued weak guidance for the rest of the year.
The company lowered its full-year 2025 revenue guidance to a range of $5.6 billion to $6.3 billion from a previous $6.1 billion to $7.1 billion.
Coty Inc (NYSE:COTY) reported a surprise loss for the fiscal fourth quarter, sending its shares more than 20% lower on Thursday.
The beauty brand reported a loss of $72.1 million, an improvement from a loss of $100.2 million in the year-ago period but worse than expectations of a profit of $37.6 million.
Walmart Inc (NYSE:WMT, ETR:WMT) shares moved lower as the company reported an earnings miss for the second quarter and said it is experiencing higher costs due to tariffs.
For the quarter, the grocery giant posted earnings per share (EPS) of $0.68, below estimates of $0.74.
Andrada Mining Ltd (AIM:ATM, OTC:AFTTF) shares moved higher on Thursday, after reporting that construction of the second processing facility at the Uis mine in Namibia has been completed on schedule and within budget.
The new Jig Plant will begin commissioning in the final week of August, it confirmed.
Cloudbreak Discovery PLC (LSE:CDL, OTC:CDBDF) shares rocketed over 100% in Thursday's trade after announcing that sampling at its Darlot West project in Western Australia has returned high-grade gold results, with assays reaching 28.62 grams per tonne at surface.
Other samples included grades of 4.50 g/t, 2.62 g/t, and 1.30 g/t alongside the highlight 28.62 g/t result