Earnings live: GameStop, Chewy stocks slide, with Oracle's closely watched results on deck

Chewy (CHWY) net bushed expert estimates arsenic the online favored retailer continued to instrumentality marketplace share, but the banal tumbled astir 7% successful premarket trading arsenic investors spot continued unit connected the sector.

Adjusted net per stock were $0.32 successful the 3rd quarter, compared to expert estimates for $0.30, according to S&P Global Market Intelligence. Net income roseate 8.3% twelvemonth implicit twelvemonth to $3.12 billion, compared estimates of to $3.01 billion.

“Chewy continues to outperform the favored class and grow marketplace share, with profits erstwhile again increasing faster than sales,” CEO Sumit Singh said successful the release.

Gross margins were different metric successful absorption for investors this quarter. Gross margins of 29.8% bushed expectations but inactive dipped from 30.4% successful Q2.

"As of late, the presumption has been that CHWY's gross borderline has constricted upside going forward," UBS's probe squad led by Michael Lasser wrote successful a enactment up of earnings. "While the scaling of its sponsored advertisement inaugural has been a meaningful gross borderline operator of the past respective quarters, we deliberation this inclination needs to proceed for the institution to spot the aforesaid magnitude of GM gains. But until then, bears whitethorn constituent to an progressively competitory market, unit from tariffs, and greater promotional enactment successful the backmost fractional of the twelvemonth to enactment a capped borderline upside."

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Dave & Buster's (PLAY) missed net and gross estimates connected Tuesday, but the banal moved higher successful choppy after-hours trading.

The amusement and eating institution reported a nett nonaccomplishment of $1.14 per share, compared to estimates of a nonaccomplishment of $1.04, according to S&P Global Market Intelligence. Revenue decreased 1.1% twelvemonth implicit twelvemonth to $448.2 million, compared to estimates of $460.1 million.

Dave & Buster's CEO Tarun Lal said the institution has made "substantive progress" connected its "back-to-basics" turnaround plan.

“We’ve been hard astatine enactment relaunching our selling engine, reinvigorating our nutrient & beverage offering, improving our operations, refreshing our games platform, and revamping our store remodel program," Lal said successful a statement.

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GameStop (GME) banal pulled backmost 5% successful after-hours trading aft the institution posted 3rd 4th gross that fell abbreviated of estimates.

In the 3rd quarter, gross fell to $821 cardinal for the period, compared to $860.3 cardinal successful Q3 past year. Wall Street analysts were expecting income of $987 million, according to S&P Global Market Intelligence.

The institution reported diluted profits of $0.24 per share, compared to estimates of $0.20.

GameStop, which became synonymous with the meme banal commercialized successful 2021, has followed the playbook acceptable by Michael Saylor's Strategy to accumulate bitcoin for a firm treasury.

GameStop's bitcoin holdings were valued astatine $519.4 cardinal astatine the adjacent of the quarter, compared to $528.6 cardinal astatine the extremity of the 2nd quarter.

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AutoZone (AZO) missed net estimates for its fiscal archetypal quarter, sending shares 2% little successful premarket trading.

The car parts retailer reported profits of $31.04 per stock connected gross of $4.62 billion. Wall Street analysts were looking for net of $32.40 per stock and gross of $4.64 billion, according to S&P Global Market Intelligence data.

The company's gross nett decreased by 203 ground points to 51% owed to ample inventory charges arsenic the institution works done tariff-driven terms increases.

"Price increases successful the manufacture are apt to persist for mates of much quarters, earlier getting backmost to mean inflationary rates," UBS expert Michael Lasser wrote successful a enactment up of the results. "Thus, normalizing ostentation rates volition acceptable up AZO to thigh outsized LIFO charges successful FY'26 and retrieve successful FY'27."

The Campbell's Company (CPB) banal wavered aft the nutrient institution reported declining income and net compared to the erstwhile year.

In the company's fiscal archetypal quarter, nett income decreased 3% twelvemonth implicit twelvemonth to $2.67 billion, portion net per stock declined to $0.65. Wall Street statement estimates were for $2.65 cardinal successful gross and $0.71 successful net per share, according to S&P Global Market Intelligence.

The Meals & Beverages conception saw income diminution 4% twelvemonth implicit year, portion income successful the Snacks concern dropped 2%.

"Consumers stay intentional successful their buying behaviors with at-home-cooking trends continuing to payment our brands wrong our Meals & Beverages portfolio that present quality, convenience and value," CEO Mick Beekhuizen said. "While our Snacks concern continues to upwind class softness, our brands stay highly relevant."

The institution reaffirmed its fiscal 2026 guidance for net per stock to diminution 12% to 18% to a scope of $2.40 to $2.55.

Campbell's came nether occurrence successful precocious November erstwhile an enforcement was accused of making violative comments and saying the company's products were for "poor people." Campbell's released a statement, saying the enforcement was nary longer employed astatine the institution and that that behaviour "does not bespeak our values and the civilization of our company."

Year to date, the banal is down 28%.

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Toll Brothers (TOL) banal fell implicit 3% successful extended hours aft the high-end homebuilder's quarterly results showed promotional enactment weighing connected margins and an net miss.

For the fiscal 4th quarter, Toll Brothers reported net per stock of $4.58, compared to estimates of $4.89, according to S&P Global Market Intelligence. Revenue came successful astatine $3.41 billion, compared to estimates of $3.31 billion.

The homebuilder saw promotional enactment measurement connected its location merchantability margins. Toll Brothers reported a gross borderline of 26%, compared to estimates of 26.5%. Despite little owe rates, homebuilders are facing competitory pressures arsenic they look to entice reluctant buyers disconnected the sidelines.

Toll Brothers CEO Douglas Yearley noted "soft demand" and a "choppy" lodging marketplace this year, though helium emphasized that the luxury concern remains differentiated.

Toll Brothers volition broadcast its earning telephone connected Tuesday, Dec. 9, up of the marketplace open. You tin perceive to the telephone unrecorded here.

Mentions of artificial quality connected net calls crested a caller highest successful the 3rd quarter.

In a enactment connected Friday, FactSet's John Butters pointed retired that 306 S&P 500 companies cited the word “AI” connected net calls held from Sept. 15 done Dec. 4, the highest level successful 10 years. The erstwhile grounds for mentions of AI was successful Q2 of this year, with 292 mentions of the term.

As AI continues to thrust the K-shaped system and market, companies person been rewarded for mentioning the exertion taking the satellite by storm.

Butters notes that S&P 500 companies that notation "AI" person seen a higher mean terms summation than their non-AI-mentioning counterparts implicit the past mates of months and implicit the past year.

As the illustration beneath from FactSet shows, companies that cited AI saw an mean terms summation of 1%, compared to an summation of 0.3% for companies that didn't notation AI since Sept. 30. When looking backmost since Dec. 31, 2024, the quality is 13.9% and 5.7%, respectively.

In the week ahead, Oracle (ORCL) is definite to substance sentiment connected the artificial quality build-out erstwhile it reports net and an update connected its unreality concern backlog. The banal is up 30% twelvemonth to day but has travel nether unit successful the past month, down 13% implicit that period.

Victoria's Secret (VSCO) banal climbed implicit 13% successful premarket trading aft the lingerie institution raised its 2025 nett sales, operating income, and net guidance, signaling advancement successful its revitalization efforts.

The institution forecast full-year nett income successful the scope of $6.45 cardinal to $6.48 billion, compared to erstwhile guidance of $6.33 cardinal to $6.41 billion. Its adjusted net per stock for the twelvemonth are expected to beryllium successful the scope of $2.40 to $2.65, compared to anterior guidance of $1.80 to $2.20.

Victoria's Secret besides said its estimated tariff interaction volition beryllium astir $90 cardinal for the year, little than the $100 cardinal initially expected.

Victoria's Secret's 3rd 4th results were besides amended than expected, with gross beating estimates and the company's nett nonaccomplishment coming successful shallower than estimates.

Net income accrued 9% twelvemonth implicit twelvemonth to $1.472 billion, supra estimates for $1.40 billion, according to S&P Global Market Intelligence. The retailer recorded a nett nonaccomplishment of $0.46 per share, which was smaller than the $0.60 per stock nonaccomplishment the Street was expecting.

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Hewlett Packard Enterprise (HPE) shares fell 4% aft the institution forecast fiscal ‌first 4th gross beneath ‌Wall Street estimates.

The institution expects ‍Q1 gross successful the scope of $9 ​billion to $9.4 ‌billion, compared with analysts' mean estimation ⁠of $9.9 billion, ​according ​to information compiled by S&P Global Market Intelligence.

Networking gross was the standout, rising 150% twelvemonth implicit twelvemonth to $2.8 billion. Server gross declined by 5% twelvemonth implicit twelvemonth to $4.5 billion, portion hybrid unreality gross dropped 12% to $1.4 billion. Financial services gross was level compared to past twelvemonth astatine $889 million.

For the October quarter, HPE reported adjusted profits of $0.62 per share, compared to estimates of $0.51.

Revenue of $9.7 cardinal grew 14% twelvemonth implicit twelvemonth but came successful a spot airy compared to estimates, arsenic the Street was expecting $9.9 cardinal successful revenue.

Ulta (ULTA) banal popped 5% successful extended trading aft the quality retailer reported coagulated 3rd 4th results and delivered the guidance rise Wall Street was looking for.

Ulta bushed estimates connected the apical and bottommost lines successful the 3rd quarter. Here's a breakdown of the Q3 results, compared to Wall Street statement estimates compiled by S&P Global Market Intelligence:

"As we look up to the all-important vacation season, we cognize galore consumers’ wallets are pressured and they are seeking value," Kecia Steelman, president and CEO, said successful a statement. "We are assured successful our plans, and our teams are acceptable to marque Holiday Happen Here astatine Ulta Beauty, driving excitement and delivering for our guests and their loved ones, present and into the caller year."

Ulta besides modestly raised its full-year outlook. The institution expects nett income to scope "approximately $12.3 billion" for 2025, up from its erstwhile guidance of $12 cardinal to $12.1 billion.

Ulta besides lifted its net per stock outlook to a scope of $25.20 to $25.50 from $23.85 to $24.30 previously. Analysts had been estimating full-year net astatine a midpoint of $24.54.

The Street was expecting Ulta to contented cautiously upbeat guidance, arsenic the retailer's new, CFO Christopher DelOrefice, starts connected Dec. 5.

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Kroger (KR) banal fell astir 3% successful premarket trading aft the nutrient retailer reported small gross maturation twelvemonth implicit year.

The Cincinnati-based market concatenation posted adjusted net per stock of $1.05, somewhat beating Wall Street analysts' expectations of $1.03 net per share, according to S&P Global Market Intelligence.

However, 3rd 4th gross of $33.9 cardinal was astir unchanged from the aforesaid play a twelvemonth ago, $33.6 billion, and missed expert estimates of $34.1 billion. Same-store sales, excluding fuel, grew 2.6% twelvemonth implicit year.

As a result, Kroger updated immoderate of its fiscal outlooks. The market concatenation expects same-store income ex-fuel to turn 2.8%-3.0%, narrower than its erstwhile scope of 2.7%-3.4%. Kroger besides raised the little extremity of its EPS guidance to $4.75-$4.80 from $4.70-$4.80 previously.

In a Nov. 25 note, JPMorgan analysts noted that the user and competitory situation has grown notably tougher for nutrient retailers similar Kroger.

"Sentiment toward nutrient retailers seems to person soured a spot implicit the past fewer months, including for [Kroger]," the analysts wrote. "When inflationary concerns were much persistent successful the nutrient abstraction and the user situation was stronger, the nutrient retail abstraction was amended liked."

The analysts noted a fewer factors putting unit connected Kroger shares, successful particular, successful caller months: Amazon's (AMZN) propulsion into grocery, Walmart (WMT) taking stock successful market and ramping up terms competition, concerns astir nutrient ostentation reigniting, and Nielsen information showing slower income growth.

Hormel Foods (HRL) banal roseate 5% earlier the doorbell connected Thursday aft reporting higher income successful its 4th fourth earnings. However, the institution swung to a nonaccomplishment owed to profits remaining nether unit due to the fact that of ongoing inflation.

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Retail concatenation Dollar General (DG) reported fiscal 3rd 4th net connected Thursday, which bushed Wall Street expectations, sending the company's banal up by 4% during premarket trading.

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Five Below (FIVE) is the latest worth retailer to payment from consumers' displacement toward much value-oriented purchases, arsenic high-income shoppers thrust postulation astatine dollar stores and different bargain outlets.

"We've seen truly bully postulation maturation and maturation successful some caller customers arsenic good arsenic retention," Five Below CEO Winnie Park said connected the company's net call. "What's truly worked successful presumption of maturation is an enlargement of the thought of what worth looks like. We inactive curate a large assortment — astir 80% of the assortment is $5 and beneath — but we took a batch of attraction to those items supra $5 and specifically packing a ton of worth astatine $7, $10, $15."

Net income accrued 23.1% twelvemonth implicit twelvemonth to $1 cardinal successful the 3rd quarter, surpassing estimates of $983 million, per S&P Global Market Intelligence. Same-store income roseate by 12.4% twelvemonth implicit year.

Earnings per stock reached $0.66, beating estimates for $0.26 per share, sending the banal 4% higher successful after-hours trading.

Five Below besides raised its full-year income outlook to a scope of $4.62 cardinal to $4.65 billion. The institution besides raised its forecast for diluted income per stock to a scope of $5.51 to $5.69 from $4.56 to $4.96 previously.

For the 4th quarter, nett income are expected to beryllium successful the scope of $1.58 cardinal to $1.61 billion.

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Snowflake (SNOW) banal tumbled aft the AI information unreality supplier reported a narrower-than-expected nonaccomplishment but issued guidance that fell abbreviated of the Street's estimates. The institution besides announced it expanded its concern with Anthropic (ANTH.PVT).

The Montana-based institution reported that gross grew 29% twelvemonth implicit twelvemonth to $1.15 cardinal during the quarter, somewhat missing Wall Street's estimates of $1.18 billion, according to S&P Global Market Intelligence. Snowflake reported a nett nonaccomplishment per stock of $0.87, a smaller nonaccomplishment than the $0.96 per stock analysts were expecting.

For the 4th quarter, Snowflake guided for merchandise gross betwixt $1.19 cardinal and $1.2 billion, which was somewhat beneath the midpoint gross forecast by the Street of $1.23 billion. The full-year gross guidance of $4.44 cardinal besides fell beneath expectations of $4.6 billion.

Snowflake besides announced a multiyear, $200 cardinal statement with Anthropic that volition marque Anthropic’s Claude AI models disposable connected the Snowflake level and found a associated task to deploy AI agents crossed the world's largest enterprises.

The woody deepens Snowflake's narration with Anthropic, arsenic the institution has already processed trillions of Claude tokens connected its platform.

"Enterprises person spent years gathering secure, trusted information environments, and present they privation AI that tin enactment wrong those environments without compromise," Anthropic CEO and co-founder Dario Amodei said successful a statement. "This concern brings Claude straight into Snowflake, wherever that information already lives. It's a meaningful measurement toward making frontier AI genuinely utile for businesses."

Snowflake shares fell 8% successful extended trading.

Salesforce (CRM) banal roseate aft hours connected the company's 3rd 4th net bushed and improved outlook.

The institution reported 3rd 4th diluted net per stock of $3.25, beating estimates of $2.58 per share, according to S&P Global Market Intelligence.

Revenue of $10.27 cardinal roseate 8.6% twelvemonth implicit twelvemonth and was astir successful enactment with estimates.

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Dollar Tree (DLTR) banal was up 4% connected Wednesday aft the discount retailer bushed Wall Street's cardinal metrics, adjusted earnings, revenue, and same-store income growth.

Revenue grew 9.4% to $4.75 billion, somewhat higher compared to the Street's expectations of $4.7 billion, per Bloomberg statement data. Adjusted net per stock came successful astatine $1.21, importantly higher than the expected $1.10. Same-store income grew by 4.2%, much than the 4% summation expected. The mean summons accrued 4.5%, partially offset by the postulation diminution of 0.3%

"All consumers are seeking value, marrying that value-seeking behaviour with convenience and find is the intersection wherever Dollar Tree thrives," CEO Michael Creedon said to investors successful its net call.

He said 3 cardinal much households are present portion of its lawsuit basal compared to past year, with high-income consumers, who gain much than $100,000 per year, making up the bulk of caller customers.

Meanwhile, 30% of caller customers are from middle-income households, those earning betwixt $60,000 and $100,000. The remaining 10% are from lower-income households, which gain little than $60,000.

The institution besides raised its nett outlook. It present expects adjusted net to travel successful the scope of $5.60 to $5.80 for the afloat year, up from $5.32 to $5.72.

In the 4th quarter, the institution present expects same-store income to summation 4% to 6%. For the afloat year, same-store income are expected to emergence betwixt 5% to 5.5%.

Macy's (M) posted better-than-expected 3rd 4th results connected Wednesday arsenic weary consumers sought retired worth and innovation.

The section store posted gross of $4.7 billion, successful enactment with past twelvemonth and somewhat much than Wall Street's estimates of $4.6 billion, per Bloomberg statement data. That's alongside adjusted net per stock of $0.09, amended than the $0.14 nonaccomplishment analysts were expecting.

The institution posted its strongest 4th for same-store income maturation successful astir 3 years, with income increasing 2.5%, much than the 0.6% summation that was expected.

The institution besides raised its 2025 outlook, saying it present expects full-year income to travel successful the scope of $21.48 billion-$21.63 billion, up from the erstwhile scope of $21.15 billion-$21.45 billion. The updated scope is inactive beneath the $22.3 cardinal posted successful fiscal twelvemonth 2025. The institution said the guidance "continues to presume the user is much choiceful successful the 4th fourth of 2025" successful the release.

Same-store income are expected to autumn successful a scope of level to up 0.5% against past year. The institution antecedently expected a 1.5%-0.5% decline.

Its luxury business, Bloomingdale's, saw an 8.8% summation successful same-store sales, besides marking the highest successful 13 quarters. While its cosmetics brand, Blue Mercury, posted a 1.1% increase.

Chairman and CEO Tony Spring said successful the company's net release, "Our 3rd 4th income were the strongest successful 13 quarters, reflecting the acceleration of our Bold New Chapter strategy and demonstrating that the meaningful enterprise-wide changes we’ve made are resonating with customers."

The banal is present hovering astir $23 per share, up 36% twelvemonth to day and nearing the all-cash connection of $24 per stock that activistic capitalist Arkhouse Management made backmost successful March of 2024. In premarket trading, shares were down astir 6%.