Stock Groups

Campbell Soup, Express, Thor Industries and others


See which companies are making the headlines even before the bell rings.

Campbell Soup (CPB) – The food producer matched estimates with adjusted quarterly earnings of 69 cents per share, and revenue essentially in line with forecasts as well. Due to inflation, Campbell’s adjusted net margins fell 340 basis point. The company stated that demand trends remain strong, and it maintained the December full-year guidance. Campbell saw a 1% increase in premarket trading.

Express (EXPR) – The apparel and accessories retailer’s shares rallied 10.5% in the premarket despite a wider-than-expected quarterly loss. Express reported better-than expected sales, with a 43% increase in comparable store sales, which is more than twice the FactSet consensus estimate.

Thor Industries (THO) – The recreational vehicle maker saw its shares jump 8.6% in premarket trading after it reported quarterly earnings of $4.79 per share, compared with the $3.39 consensus estimate. As the company reduced its discounts and increased its profit margins, revenue also exceeded forecasts. (AMZN) – The House Judiciary Committee is asking the Justice Department to start a criminal probe of Amazon, according to people familiar with the matter who spoke to the Wall Street Journal and a letter seen by the paper. Amazon is accused of not providing information regarding the investigation of its competitive practices. Premarket actions saw Amazon rise 1.5%

PepsiCo (PEP) – The beverage and snack giant suspended the sale of its soda brands in Russia, although it will continue to sell potato chips and various daily essentials like baby formula. The Wall Street Journal reported that PepsiCo currently is looking into various options to sell its Russian business, which could mean writing off some of the company’s value.

Stitch Fix (SFIX) – Stitch Fix tumbled 26.4% in the premarket after it issued weaker-than-expected sales guidance and said it continues to face challenges in getting customers to sign up for its styling service. Stitch Fix beat estimates, posting a loss of 28c per share for the quarter. However, revenue exceeded forecasts.

Bumble (BMBL) – Bumble soared 22% in premarket trading after the dating service operator reported an adjusted quarterly profit of 13 cents per share, beating estimates of a breakeven quarter. Bumble also predicts strong growth for 2022.

Gannett (GCI) – The USA Today publisher misled advertisers about where their website ads were being placed for 9 months, according to research obtained by the Wall Street Journal. Gannett acknowledged to the Journal that the Journal had incorrectly given inaccurate information to advertisers. Gannett fell 2% in premarket action.

XPO Logistics (XPO) – The trucking and transportation company will split off its brokered transportation services unit into a separate company, and plans to divest its European business and its North American intermodal operation. Premarket sales saw XPO rise 13.3%

General Electric (GE) – GE shares gained 1.6% in premarket trading after the company’s board of directors authorized a $3 billion share repurchase program.