Movers: Analog Devices, Foot Locker, Kohl's, Nike, Peloton Interactive
- Scott Peters
- U.S.A. New York City
-
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% |