Tapestry, the parent company of Kate Spade and Coach, saw its shares drop 7% after reporting fiscal fourth-quarter earnings of $1.32 per share on revenue of $1.88 billion, which, while above the earnings estimate of $1.28 per share, only slightly exceeded the revenue estimate of $1.87 billion. The company did increase its quarterly dividend to 46.25 cents per share from 40 cents.
Yeti's shares fell nearly 4% despite reporting adjusted earnings of 67 cents per share, surpassing the 54 cents expected, with revenue of $483.9 million just above the $483.8 million estimate. Birkenstock's shares surged 10% after it reported quarterly revenue and adjusted EBITDA that beat expectations, and it raised its full-year guidance.
Bullish's shares rose 1% following second-quarter results that showed revenue of $92.6 million, exceeding the $87.4 million forecast, along with an increase in full-year guidance.
JD.com, despite reporting adjusted earnings of 6.29 yuan per share, which beat the 5.61 yuan estimate, saw its U.S.-listed shares decline about 4% as revenue fell year over year to 346.4 billion yuan but still topped the 342.33 billion estimate.
EnerSys shares jumped 13% after reporting adjusted earnings of $3.66 per share, significantly above the $2.84 billion expected, with revenue of $935.6 million exceeding the $928 million consensus. Grocery Outlet's shares gained 9% after reporting EPS of 20 cents, above the 13 cents expected, and revenue of $1.19 billion, surpassing the $1.17 billion estimate.
Jack in the Box shares rose over 6% after reporting earnings of 96 cents per share, beating the 88 cents estimate. Red Robin Gourmet Burgers saw shares increase nearly 4% after reporting earnings of 12 cents per share on revenue of $277.6 million, exceeding expectations.
Coherent's shares fell 5% despite guidance surpassing expectations, while Cerebras Systems' shares tumbled nearly 18% after reporting revenue of $180 million, below the $194 million estimate. StubHub's shares lost almost 17% after its adjusted gross margin fell short of expectations, and Cisco Systems' shares fell 6% after narrowly beating gross margin estimates