Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Retail

Genesco, Campbell Soup Company, Dollar General and more - PRE-MARKET

We look at what's hot and what's not in pre-market deals in New York

US stock futures are pointing to a higher start on Wall Street as European indices also head higher.

On the macro front, Hurricane Harvey, the oil price and the lack of progress in Brexit talks are all themes in focus.

In terms of companies, retailer Genesco Inc (NYSE:GCO), another footwear and sports group, saw its shares fall down over 11% in premarket trade.

It comes as the group reported a wider second quarter loss than Wall Street had expected.

Genesco reported a net loss of $3.9mln for the three months, after net earnings of $14.6 million for the same quarter a year ago.

Genesco lowers profit guidance https://t.co/V8pe22UTfQ #investing #news

— Ye Olde Finance (@Ye_Olde_Finance) 31 August 2017

Household name, the Campbell Soup Company (NYSE:CPD) saw shares lose 4.48% after hours to $48.02 a share as the foodstuff stalwart missed estimates amid what it called a challenging environment.

Campbell earned an adjusted 52 cents per sharein the latest quarter, three cents short of forecasts, while revenue also missed analysts' expectations.

Sticking to the sector, Dollar General (NYSE:DG), the discount retailer, was also making headlines in pre-market. Its shares shed 3.74% in extended trading.

It came as the group reported a better-than-expected increase in quarterly comparable sales as more shoppers visited its stores.

Expedia Inc (NASDAQ:EXPE), the travel group, was in focus as the website operator named finance chief Mark Okerstrom as its new president and chief executive, replacing Dara Khosrowshahi, who has left to become the new boss at taxi app Uber.

He will begin his new role one in which he said he was scared of, on Tuesday next week.

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK