Meta Rises on Potential Metaverse Cuts, Five Below Gains, Kroger Drops
Meta's (META) Mark Zuckerberg is expected to cut resources for building the metaverse, which he once framed as the future of the company. Executives are considering potential budget cuts as high as 30% for the metaverse group next year, which could include layoffs as early as January Five Below (FIVE) raised its profit outlook for the third time in its fiscal year, lifted by demand for budget-friendly trendy goods as US consumer sentiment wanes amid high prices and a weaker labor market. The Philadelphia-based company now sees comparable sales rising about 9.4% to 10.1% in the fiscal year, up from roughly 5% to 7% it saw previously. Adjusted earnings per share is forecast between $5.71 and $5.89, above its previous guidance of $4.76 and $5.16. Kroger (KR) lowered the top end of its full-year sales forecast, suggesting that competition is intensifying among food sellers for discerning consumers. The nation’s largest supermarket operator said it now comparable sales to grow between 2.8% to 3%, minus fuel, versus the previous guidance of a 2.7% to 3.4% increase. See omnystudio.com/listener for privacy information.
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Meta Pops, Snowflake Falls, Dollar General Rises
On this episode of Stock Movers:Meta (META) Meta shares are getting a boost, helping futures move higher, after Bloomberg News reported that it’s expected to meaningfully cut resources for building the so-called metaverse, an effort that CEO Mark Zuckerberg once framed as the future of the company. The reaction indicates clear relief from investors, who have seen it as a drain on resources with little payoff so far. Snowflake (SNOW) Snowflake shares fall as much as 9% in premarket trading after the software company issued a forecast for operating margin in the current quarter that fell short of the average analyst estimate. Analysts noted a deceleration in product revenue growth. Dollar General (DG) Dollar General shares rise 7.4% after the retailer reported its third beat-and-raise quarterly report this year, driven by gross margin outperformance. Sebastian EscobarSee omnystudio.com/listener for privacy information.
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Dollar General Boosts Guidance, Snowflake Slumps; Hormel Earnings Better-Than-Feared
On this episode of Stock Movers:- Dollar General (DG) shares rise after the retailer reported its third beat-and-raise quarterly report this year, driven by gross margin outperformance. - Snowflake (SNOW) shares fall after the software company issued a forecast for operating margin in the current quarter that fell short of the average analyst estimate. Analysts noted a deceleration in product revenue growth. - Hormel (HRL) shares rise after the protein producer’s 3Q adj. EPS forecast beat the company’s recently lowered guidance, as well as the Street consensus. In addition, the midpoint of Hormel’s Fiscal 2026 annual adjusted EPS guidance is also ahead of expectations.See omnystudio.com/listener for privacy information.
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Dollar General Boosts Guidance, Costco Slips; Salesforce Gains on Forecast
On this episode of Stock Movers:- Dollar General (DG) boosted its comparable sales forecast for the full year. For fiscal year 2026, the Company plans to execute about 4,730 real estate projects, including opening approximately 450 new stores in the US and about 10 new stores in Mexico, fully remodeling about 2,000 stores through Project Renovate, remodeling about 2,250 stores through Project Elevate, and relocating about 20 stores- Costco (COST) shares are down in extended trading after the retailer reported total comparable sales - Salesforce (CRM) gave an outlook for revenue in the current period that topped analysts’ estimates, suggesting the software company is persuading customers to buy its AI tools.See omnystudio.com/listener for privacy information.
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Rio Tinto Fluctuates, Philips Drops, Trustpilot Down
On this episode of Stock Movers:- Rio Tinto fluctuated in London on Thursday after the diversified miner forecast 2026 copper production that missed analyst expectations.- Philips shares drop as much as 4.3%, worst performer in the Stoxx 600 Health Care Index on Thursday morning, after Citi analysts noted tariff and China challenges for 2026. _ Trustpilot shares fall as much as 8.7% after Grizzly Research published a report on the consumer-review company.See omnystudio.com/listener for privacy information.
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