Dick’s Sporting Goods Inc (NYSE:DKS) shares slid in pre-market trading after the retailer fell short of sales estimates in its fiscal second-quarter results. The company reported earnings of US$1.20 per share, above analyst estimates of US$1.06 per share. Revenue came in at US$2.18bn, below estimates of US$2.24bn. Sales of Under Armour apparel experienced “significant decline” due to expanded distribution, according to the company. The retailer also gave same-store sales guidance for the full-year below guidance.
Shares of the Pennsylvania-based retailer fell more than 8% to US$33.44 in pre-market trading.
American Eagle Outfitters Inc (NYSE:AEO) shares fell as weak guidance weighed down better-than-expected second-quarter results. The retailer reported earnings of US$0.34 per share on revenue of US$964.8mln, beating Wall Street estimates of US$0.31 EPS on revenue of $938.23mln. For the third quarter, the company expects earnings of US$0.45 to US$0.47 per share below consensus estimates of US$0.49 EPS.
Shares of the Pittsburgh-based company fell nearly 7% to US$25.47.
Express Inc (NYSE:EXPR) swung to a profit and topped estimates in its fiscal second-quarter results, raising its outlook for the year ahead. The retailer reported earnings of US$0.03 per share on revenue of US$493.6mln, ahead of analyst estimates of break-even results on revenue of US$483.5mln. Its fiscal 2018 guidance was raised to US$0.43 to US$0.49 per share from its previous guidance of US$0.37 to US$0.47 per share.
Shares of the Ohio-based retailer jumped nearly 5% to US$10.50.
Movado Group Inc’s (NYSE:MOV) sales clocked in ahead of Wall Street estimates, raising its outlook ahead of its upcoming acquisition of direct-to-consumer brand MVMT. The watch retailer reported earnings of US$0.39 per share, below analyst estimates of US$0.45 per share. Its revenue of US$144.1mln topped consensus estimates of US$137.5mln. Net sales for fiscal 2019 are expected to be between US$660mln to US$675mln, ahead of its prior guidance of US$615mln to US$625mln.
Shares of the New Jersey-based luxury goods company fell slightly to US$49.35.
Chico’s FAS Inc (NYSE:CHS) surpassed analyst estimates in its fiscal second-quarter results with same-store sales declining less than expected. The apparel retailer reported earnings of US$0.13 per share on revenue of US$544.7mln, topping analyst expectations of US$0.12 EPS on revenue of US$541mln. Same-store sales declined 3.2%, less than the 4.5% fall expected by analysts.
Shares of the Florida-based company fell around 1.5% to US$8.69.