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After-Hours Movers: Walmart Sinks on Warning, Sending Other Retail Stocks Lower As Well

Published 2022-07-25, 05:58 p/m
Updated 2022-07-25, 05:58 p/m
© Reuters.

After-Hours Stock Movers:

Aaron's (NYSE:AAN) 25% LOWER; reported Q2 EPS of $0.79, $0.15 better than the analyst estimate of $0.64. Revenue for the quarter came in at $610.4 million versus the consensus estimate of $607.87 million. Aaron's sees FY2022 EPS of $1.75-$2.15, versus the consensus of $2.68. Aaron's sees FY2022 revenue of $2.19-2.27 billion, versus the consensus of $2.34 billion.

Walmart Inc. (NYSE:WMT) 10% LOWER; cut its Q2 and full 2023-year guidance primarily due to pricing actions aimed to improve inventory levels at Walmart and Sam’s Club in the U.S. and mix of sales.

Shell Midstream Partners, L.P. (NYSE:SHLX) 10% HIGHER; Shell (LON:RDSa) USA, Inc. and Shell Midstream Partners, L.P. (SHLX) today announced they have executed a definitive agreement and plan of merger (the "Merger Agreement," and the transactions contemplated thereby, collectively, the "Transaction") pursuant to which Shell USA will acquire all of the common units representing limited partner interests in SHLX held by the public (the "Public Common Units") at $15.85 per Public Common Unit in cash for a total value of approximately $1.96 billion. A subsidiary of Shell USA currently owns 269,457,304 SHLX common units, or approximately 68.5% of SHLX common units.

F5 Networks (NASDAQ:FFIV) 6% HIGHER; reported Q3 EPS of $2.57, $0.33 better than the analyst estimate of $2.24. Revenue for the quarter came in at $674 million versus the consensus estimate of $668.36 million. F5 Networks sees Q4 2022 EPS of $2.45-$2.57, versus the consensus of $2.28. F5 Networks sees Q4 2022 revenue of $680-700 million, versus the consensus of $689.4 million.

Target Corporation (NYSE:TGT) 5% LOWER; falls after Walmart's warning.

Macy's, Inc. (NYSE:M) 4% LOWER; falls after Walmart's warning.

Amazon.com, Inc. (NASDAQ:AMZN) 4% LOWER; falls after Walmart's warning.

Dollar Tree, Inc. (NASDAQ:DLTR) 4% LOWER; falls after Walmart's warning.

Five Below, Inc. (NASDAQ:FIVE) 4% LOWER; falls after Walmart's warning.

Cadence Design Systems (NASDAQ:CDNS) 3% HIGHER; reported Q2 EPS of $1.08, $0.12 better than the analyst estimate of $0.96. Revenue for the quarter came in at $858 million versus the consensus estimate of $834.51 million. Cadence Design Systems sees Q3 2022 EPS of $0.94-$0.98, versus the consensus of $0.93. Cadence Design Systems sees Q3 2022 revenue of $860-880 million, versus the consensus of $847.8 million. Cadence Design Systems sees FY2022 EPS of $4.06-$4.12, versus the consensus of $3.93. Cadence Design Systems sees FY2022 revenue of $3.47-3.51 million, versus the consensus of $3.41 million.

Dollar General (NYSE:DG) 3% LOWER; falls after Walmart's warning.

Costco Wholesale (NASDAQ:COST) 3% LOWER; falls after Walmart's warning.

Ross Stores, Inc. (NASDAQ:ROST) 3% LOWER; falls after Walmart's warning.

Kohl's Corporation (NYSE:KSS) 3% LOWER; falls after Walmart's warning.

Lowe's Companies, Inc. (NYSE:LOW) 2% LOWER; falls after Walmart's warning.

The Home Depot , Inc. (NYSE:HD) 2% LOWER; falls after Walmart's warning.

Whirlpool (NYSE:WHR) 2% HIGHER; reported Q2 EPS of $5.97, $0.70 better than the analyst estimate of $5.27. Revenue for the quarter came in at $5.1 billion versus the consensus estimate of $5.23 billion. Whirlpool sees FY2022 EPS of $22.00-$24.00, versus the consensus of $23.91. Whirlpool sees FY2022 revenue of $20.7 billion, versus the consensus of $21.84 billion.

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