Movers: Analog Devices, Foot Locker, Kohl's, Nike, Peloton Interactive

  • Scott Peters
  • U.S.A. New York City
  • Aug 23, 2023
  • Foot Locker reported a decline in sales and the company blamed its on higher competition and demand for lower prices products. Nike extended losses for the tenth day in a row. Kohl's reported better-than-expected quarterly results.

    Foot Locker Inc plunged 29.7% to $16.71 after the specialty retailer reported sales declined almost 10% from a year ago and the company also suspended its quarterly dividend. 

    Peloton Interactive Inc dropped 23.3% to $5.38 after the fitness equipment company reported wider-than-expected and the company forecasted weak sales outlook in its fiscal first quarter. 

    The company's sales guidance between $580 million and $600 million fell short of market expectations of at least $620 million. 

    The company also said that the cost of the recent recall also exceeded its estimates and expects additional expenses in the future. 

    Kohl's Corp rose 4.3% to $26.85 after the department store retailer reported better-than-expected quarterly results.

    Nike Inc declined 2.7% to &98.76 and the athletic shoemaker extended losses to the 10th session in a row after Foot Locker reported weaker-than-expected sales.  

    Analog Devices, Inc rose 0.6% to $177,75 after the company reported fiscal third quarter results that evoked mixed reactions from investors. 

    Stock recovered from the slump of 5% in pre-market trading after the company forecasted fiscal fourth quarter revenues of $27 billion and adjusted earnings per share of $2.0.  

Annual Returns

Company Ticker 2024 2023 2022
Analog Devices Inc ADI 16% 15% -2%
Peloton Interactive Inc. PTON -42% -48% -67%
Kohl`s Corporation KSS -24% 5% -45%
Foot Locker Inc FL -7% -17% -14%
Nike Inc NKE -31% -3% -33%