Stock front view of the Lands’ End opening for NYC Pop-Up on Vererans Day with the Bob Woodruff Foundation on November 11, 2015 in New York City.
Brian Bader | Getty Images
Check out the companies making headlines before the bell:
commercial brands (DBI) — Shares of the shoe retailer fell 15.6% in the pre-market after it missed the highest and lowest estimates for the latest quarter and cut its earnings forecast. Designer Brands noted a volatile economic environment affecting most retailers, but said it was positioned to weather the conditions.
dollar general (DG) – Dollar General fell 6.1% in pre-market trade after the discount retailer cut its annual forecast due to rising costs. Dollar General reported quarterly earnings that missed Street’s expectations, but its revenue and comparable store sales beat analyst estimates.
Lands end (EGP) – The clothing retailer reported an unexpected quarterly loss. Revenue came in below analyst expectations, resulting in a pre-market price decline of 26.4% for inventory. The land end was affected by higher costs and higher inventories by 17.7%.
sales force (CRM) — Salesforce fell 7.4% in the primary market after the business software company announced that co-CEO Brett Taylor would step down on January 31, leaving Chairman Marc Benioff as sole CEO. Salesforce also reported better-than-expected quarterly earnings and revenue.
hook (KR) — The supermarket company reported better-than-expected profits and sales for the latest quarter, and raised its full-year outlook. Comparable store sales increased 6.9%, well above the consensus estimate of 4%. Kroger shares added 3.7% in Premarket.
snowflake (SNOW) — Snowflake lost 5.9% in non-hours trading after the data software provider issued a cautious forecast, even as it reported quarterly results that beat analyst estimates.
five below (Five) – Five Below rose 9.3% in pre-market trading on the heels of better-than-expected quarterly results. The discount retailer said customer traffic and spending improved throughout the quarter, and effective expense management also helped.
Nutanix (NTNX) — Nutanix shares rose 5.3% in the primary market following a Bloomberg report Hewlett-Packard Corporation (HPE) held acquisition talks with the cloud computing company. Talks have been sporadic, and prospects for an agreement are unclear.
Costco (COST) — Costco inventory fell 3.2% after November sales results showed a 10% drop in online sales for the warehouse retailer. E-commerce sales have been a bright spot for Costco during the pandemic.
Octa (OKTA) — Shares of Okta rose 15.9% in early trade as the identity management software company issued positive revenue guidance for the full fiscal year.
splink (SPLK) — Splunk rose 8.1% pre-market after the data management software company reported upbeat quarterly results and boosted its full-year outlook. Splunk said it is also benefiting from cost cutting.
PVH (PVH) — PVH stock jumped 9.4% in the primary market after an optimistic outlook for apparel brand manufacturers Calvin Klein and Tommy Hilfiger. The company said its pricing power remained steady even in the face of an uncertain macroeconomic environment.
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