Designer Brands (DBI) , The footwear retailer’s shares slid 15.6% in the premarket after it missed top and bottom line estimates for its latest quarter and cut its profit outlook. Designer Brands noted a volatile economic environment that is impacting most retailers, but said it was in position to navigate the conditions.
Dollar General (DG) – Dollar General slumped 6.1% in premarket trading after the discount retailer cut its annual forecast due to higher costs. Dollar General posted quarterly earnings that missed Street forecasts, but its revenue and comparable store sales beat analyst estimates.
Lands’ End (LE) – The apparel retailer reported an unexpected quarterly loss. Revenue came in below analyst forecasts, prompting a 26.4% premarket plummet in the stock. Lands’ End was hurt by higher costs and a 17.7% jump in inventories.
Salesforce (CRM) – Salesforce fell 7.4% in the premarket after the business software company announced that co-CEO Bret Taylor would be stepping down January 31, leaving Chairman Marc Benioff as the sole CEO. Salesforce also reported better than expected quarterly profit and revenue.
Kroger (KR) – The supermarket operator reported better than expected profit and sales for its latest quarter, and it raised its full-year forecast. Comparable store sales were up 6.9%, well above the 4% consensus estimate. Kroger shares added 3.7% in the premarket.
Snowflake (SNOW) – Snowflake lost 5.9% in off-hours trading after the data software provider issued a cautious forecast, even as it reported quarterly results that beat analyst estimates.