U.S. Movers: Abercrombie & Fitch, Capri Holdings, Dick's Sporting Goods, Macy’s, NVIDIA, Salesforce, Veeva Systems

Scott Peters
29 May, 2025
New York City

NVIDIA Corp. surged 4.9% to $141.40 after the advanced chipmaker reported strong first-quarter 2026 results.

Revenue jumped to $44.06 billion from $26.04 billion, net income edged up to $18.77 billion from $14.88 billion, and diluted earnings per share rose to 76 cents from 60 cents a year ago.

Data center revenue was $39.1 billion, an increase of 73% from the prior year.

The company was unable to ship an additional $2.5 billion of its H20 product revenue in the first quarter due to a special license requirement by the U.S. government to enter the China market.

NVIDIA will pay its next quarterly cash dividend of 1 cent per share on July 3 to shareholders on record on June 11.

The chip maker guided second-quarter revenue to be $45.0 billion, plus or minus 2%, compared to $30.0 billion a year ago.

The outlook reflects a loss in H20 revenue of approximately $8.0 billion due to the recent export control limitations.

In other segment information, the company’s gaming and AI PC division marked a 42% sales increase, professional visualization was up 19%, and automotive and robotics was up 72% from a year earlier.

Salesforce.com Inc. advanced 1.3% to $279.68 after the customer management software provider reported strong results in the fiscal first-quarter 2026.

Revenue edged up to $9.83 billion from $9.13 billion, net income jumped to $1.54 billion from $1.53 billion, and diluted earnings per share rose to $1.59 from $1.56 a year ago.

During the quarter, the company returned $3.1 billion to shareholders, including $2.7 billion in share repurchases and $402 million in dividends.

The company guided second-quarter revenue to be between $10.11 billion and $10.16 billion, an increase of 8% to 9% from $9.33 billion, and GAAP diluted earnings per share between $1.80 and $1.82, compared to $1.47 a year earlier, respectively.

For the full year, the software company estimated revenue to be between $41.0 billion and $41.3 billion, up 8% to 9% from $37.9 billion, and GAAP diluted earnings per share between $7.15 and $7.21, compared to $6.36 in the previous year, respectively.

Veeva Systems Inc. soared 16.4% to $273 after the provider of cloud-based software solutions for the life sciences industry reported strong first-quarter 2026 results.

Revenue increased to $759.04 million from $650.34 million, net income jumped to $228.19 million from $161.66 million, and diluted earnings per share rose to $1.37 from 98 cents a year ago.

The company guided second-quarter revenue to be between $766 million and $769 million, compared to $676.2 million, and non-GAAP diluted earnings per share between $1.89 and $1.90, compared to $1.62 a year earlier, respectively.

For the full year, the software company estimated revenue to be between $3.09 billion and $3.10 billion, compared to $2.75 billion, and non-GAAP diluted earnings per share of approximately $7.63, compared to $6.60 in the previous year, respectively.

Dick's Sporting Goods Inc. gained 1.7% to $180.08 after the retailer reported higher revenue in the first quarter.

Net sales jumped to $3.17 billion from $3.02 billion, net income eased to $264.39 million from $275.29 million, and diluted earnings per share fell to $3.24 from $3.30 a year ago.

The company continues to expect full-year comparable sales growth in the range of 1% to 3% as it opened six new retail locations during the first quarter and agreed to acquire Foot Locker Inc.

The sporting goods retailer announced a quarterly cash dividend of $1.2125 per share payable on June 27 to shareholders on record on June 13.

For the full year, the company estimated revenue to be between $13.6 billion and $13.9 billion, compared to $13.44 billion, and diluted earnings per share between $13.80 and $14.40, compared to $14.05 a year ago, respectively.

Abercrombie & Fitch Co. advanced 1.8% to $90.06 after the specialty retailer of apparel and accessories reported better-than-expected net sales in the first quarter.

Net sales increased to $1.10 billion from $1.02 billion, net income declined to $80.41 million from $113.85 million, and diluted earnings per share fell to $1.59 from $2.14 a year ago.

Comparable sales rose 4% in the quarter, led by the EMEA region, up 6%.

During the quarter, the company repurchased 2.6 million shares for approximately $200 million, and $1.1 billion remained under repurchase authorization.

The company guided second-quarter revenue to grow between 3% and 5% from $1.1 billion, and diluted earnings per share to be between $2.10 and $2.30, compared to $2.50 a year earlier, respectively.

For the full year, the company estimated revenue to increase between 3% and 6% from $4.95 billion, and diluted earnings per share to be between $9.50 and $10.50, compared to $10.69 in the previous year, respectively.

Macy's Inc. advanced 1.9% to $12.23 despite the department store chain reporting lower sales and earnings in the first quarter.

Net sales declined to $4.60 billion from $4.85 billion, net income slipped to $38 million from $62 million, and diluted earnings per share fell to 13 cents from 22 cents a year ago.

The company’s comparable sales were down 2% on an owned basis, but Bloomingdale’s same-store sales increased 3%.

“Bluemercury reported comparable sales growth of 1.5%, its 17th consecutive quarter of comparable sales growth,” the company said in a release to investors.

During the quarter, the retailer returned approximately $152 million to shareholders, including $51 million in quarterly cash dividends and $101 million of share repurchases.

Macy’s has approximately $1.3 billion remaining under its $2.0 billion share repurchase authorization as of the end of the first quarter.

The company announced a regular quarterly dividend of 18.24 cents per share payable on July 1 to shareholders on record on June 13.

Looking ahead, the company estimated full-year revenue to be between $21.0 billion and $21.4 billion, compared to $23.0 billion, and adjusted diluted earnings per share between $2.05 and $2.25, compared to $3.28 a year earlier, respectively.

Capri Holdings Ltd. surged 2.5% to $18.49 despite the fashion retailer reporting weak fiscal fourth-quarter 2025 results.

Revenue dropped to $1.03 billion from $1.22 billion, net loss widened to $645 million from a loss of $472 million, and diluted loss per share expanded to $5.44 from a loss of $4.03 a year ago.

Versace revenue was $208 million, a decline of 21.2% from the same quarter a year earlier.

The fashion retailer guided first-quarter revenue to be between $765 million and $780 million, compared to $1.07 billion, and diluted earnings per share between 10 cents and 15 cents, compared to a loss of 11 cents a year ago, respectively.

The company estimated fiscal year 2026 revenue to be between $3.3 billion and $3.4 billion, compared to $4.44 billion, and diluted earnings per share between $1.20 and $1.40, compared to a loss of $10 in the previous year, respectively.