Earnings movers | Off-price retailer BURL pops 20%; AI warehouse SYM jumps 40%
1.$Symbotic Inc.(SYM)$ surged 40.15% after its revenue and adjusted EBITDA topped expectations.
$Wal-Mart(WMT)$ -Backed AI warehouse tech company reported Q4 revenue of $392 mln, up 60.66% yoy.
2. Off-price retailer $Burlington(BURL)$ popped 20.74% as shoppers looking for lower prices.
It raised the lower end of its full-year earnings guidance and said it is expecting total sales growth of 11% in 2024.
3. The apparel retailer $American Eagle Outfitters(AEO)$ sank 15.8% after its FY operating income guidance missed.
The retailer beat estimates on the top and bottom lines but issued a holiday forecast that failed to impress.
4. $Kohl's(KSS)$ dropped 8.57% after it lowered the same-store sales outlook.
The retailer expects annual sales to fall between 2.8% - 4%, against analysts' estimate for a 2.5% fall.
Cost-conscious shoppers spend less at department stores.
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