McDonald’s (MCD) and 3M (MMM) aren’t having a good day.
The fast food retailer saw its second month of decreases among same-store sales due to a price war involving rivals Burger King and Taco Bell. Currently, the stock is down 2% to $60.63.
3M, meanwhile, gave a 2009 outlook that fell short of the Street’s expectations. 3M also cautioned investors about future earnings in 2010.
And finally, Kroger (KR) got hit hard this morning by reporting lower-than-expected quarterly results and cutting its full-year forecast.
The result? A 10% drop in its share price, sending it down to $20.50.