"Although we continue to see inflationary pressures across the supply chain, we are working to drive costs down by continuing to increase our efficiency, productivity, and bringing more capacity on line," said CEO Donnie King.

Stocks extended their longest weekly losing streak in a decade Monday as Fed rate hike worries give way to stagflation bets and a renewed slump for the tech sector.

Stock futures extend slump as China adds to growth concerns; Week Ahead: inflation in focus as earnings season slows; Uber shares slide on report of cost-cutting, hiring slowdown; Apple shares slump amid disruption at key China-based chipmaker and Twitter shares stuck under $50 despite Musk's bullish revenue projections

Inflation may be forcing consumers to cut back on beef spending, but that doesn't mean the stocks should be avoided, according to Real Money Columnist Kevin Curran.

Chipmakers Intel and Nvidia got a boost Thursday after Samsung Electronic forecast its strongest quarterly profits in four years.

Merck is reportedly eying cancer drug specialists Seagen as it looks to replace revenue from its Keytruda blockbuster, which loses patent exclusivity in 2028.

The Costco warehouse club has been hesitant to pass on price increases to customers, but two popular menu items in its food court now cost more.