Front view of Lands’ End store NYC Pop-Up opening on Vererans Day with the Bob Woodruff Foundation on November 11, 2015 in New York City.
Brian Bedder | Getty Images
Check out the companies making headlines before the bell:
Designer brands (DBI) – Shares of the shoe retailer fell 15.6% in pre-market after missing sales and earnings estimates for its latest quarter and slashing its profit outlook. Designer Brands noted a volatile economic environment affecting most retailers, but said it was able to navigate the conditions.
General dollar (DG) – Dollar General fell 6.1% in premarket trading after the discount retailer cut its full-year forecast due to higher costs. Dollar General posted quarterly earnings that missed Street’s forecast, but its revenue and same-store sales beat analysts’ estimates.
lands end (LE) – The clothing retailer announced an unexpected quarterly loss. Earnings were below analysts’ forecasts, causing the stock to fall 26.4% premarket. Lands’ End suffered from rising costs and a 17.7% jump in inventory.
Selling power (CRM) – Salesforce fell 7.4% in pre-market after the enterprise software company announced that co-CEO Bret Taylor would step down on Jan. 31, leaving chairman Marc Benioff as sole CEO. Salesforce also reported better-than-expected quarterly profit and revenue.
Hooks (KR) – The supermarket operator reported better-than-expected earnings and sales for its latest quarter, and it raised its full-year guidance. Same-store sales rose 6.9%, well above the consensus estimate of 4%. Kroger shares added 3.7% premarket.
Snowflake (SNOW) – Snowflake lost 5.9% in after-hours trading after the data software provider issued a cautious forecast, even as it posted quarterly results that beat analysts’ estimates.
five below (FIVE) – Five Below rose 9.3% in premarket trading following better-than-expected quarterly results. The discount retailer said customer traffic and spending improved throughout the quarter, and effective spend management also helped.
Nutanix (NTNX) – Nutanix shares rose 5.3% in premarket following a report from Bloomberg indicating Hewlett Packard Enterprise (HPE) has held takeover talks with the cloud computing company. Talks have been on and off and the prospects for a deal are unclear.
Costco (COST) – Costco’s stock fell 3.2% after its November sales results showed a more than 10% drop in online sales for the warehouse retailer. Online sales had been a bright spot for Costco during the pandemic.
Okta (OKTA) – Okta shares jumped 15.9% in early trading as the identity management software company released an upbeat full-year revenue forecast.
Splunk (SPLK) – Splunk staged an 8.1% premarket rally after the data management software company reported upbeat quarterly results and improved its full-year guidance. Splunk said it was also benefiting from cost reductions.
HPV (PVH) – PVH jumped 9.4% in premarket following upbeat forecasts for the maker of clothing brands Calvin Klein and Tommy Hilfiger. The company said its pricing power remained stable even in the face of an uncertain macro environment.