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Ann Gehan on Muck Rack

Ann Gehan

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Articles

Campbell’s Shares Slump on Sales Drop, Dividend Cut, Outlook

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By Ann Gehan Verified
| Bloomberg News Verified
Photographer: David Paul Morris/Bloomberg (Bloomberg) -- Campbell’s Co. shares slumped after the packaged food and snack maker posted its fourth straight quarterly sales decline, cut its dividend and unveiled a cost-savings plan. The stock fell as much as 10% in New York, adding to a 15% decline so far this year as of Wednesday’s close. Fiscal fourth-quarter sales fell 8% to $2.13 billion, in line with estimates. Campbell’s said it expects sales to fall between 2% and 4% in fiscal 2027.
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Petco Services, Auto-Ship Sales Grow as Turnaround Continues

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By Ann Gehan Verified
| Bloomberg News Verified
Photographer: Yuki Iwamura/Bloomberg (Bloomberg) -- Petco Health & Wellness Co. shares rose as much as 14% in postmarket trading Wednesday after the pet supply retailer reported profit above Wall Street expectations and comparable sales grew for the second straight quarter after a year of declines. Adjusted Ebitda of $122.2 million beat consensus estimates of $109.6 million. Net sales for the quarter of $1.49 billion were in line with analyst expectations and little changed from a year earlier.
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Five Below Lifts Outlook, Aims to Ramp Up Appeal to Gen Alpha

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By Ann Gehan Verified
| Bloomberg News Verified
Photographer: Chet Strange/Bloomberg (Bloomberg) -- Five Below Inc. shares rose over 8% in postmarket trading on Wednesday after the retailer lifted its full-year outlook, citing the addition of new stores and the popularity of its budget-friendly merchandise among Gen Alpha and Gen Z shoppers. The Philadelphia-based company now sees fiscal-year net sales between $5.63 billion and $5.71 billion, up from the $5.40 billion and $5.48 billion it previously forecast.
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