Big Lots (BIG)

Shares of the discount retailer plunged 21.2% in
premarket trading after missing Wall Street estimates for quarterly earnings
and revenue. The company also reported a wider-than-expected decline in
comparable-store sales and issued cautious full-year guidance, stating
inflationary pressures reduce discretionary spending.

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Gap (GPS)

Gap shares plunged 17.8% in the premarket after the
apparel retailer slashed its full-year earnings forecast and posted a
wider-than-expected quarterly loss. Higher costs for shipping and deeper levels
of discounting impacted the results.

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Canopy Growth (CGC)

Canopy Growth shares fell 10.5% in premarket trading
after reporting a wider-than-expected quarterly loss, with revenue falling
short of analyst forecast, The company said it expects to be profitable on an
adjusted basis in fiscal 2024.

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Dell Technologies (DELL)

Dell shares rallied 9.8% in premarket trading after
reporting better-than-expected profit and revenue for its latest quarter. The
computer hardware maker benefited from a rise in demand from businesses for
desktop and laptop computers.

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Pinduoduo (PDD)

Shares of the China-based e-commerce platform operator
surged 8.8% in premarket action after reporting better than expected quarterly
results as China’s COVID-19 lockdowns helped boost online spending.

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Ulta Beauty (ULTA)

 Ulta shares
rallied 8.4% in premarket action after the cosmetics retailer beat market
forecasts with its recent quarterly report and issued an upbeat outlook. Ulta
was helped by strong demand for beauty products.

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Hibbett (HIBB)

The sporting goods retailers’ shares fell 6.5% in the
premarket after missing analysts’ profit and sales estimates for the latest
quarter. Hibbett said its customers had less discretionary income than in the
year-earlier quarter when stimulus payments helped boost spending.

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Costco (COST)

The stock fell 1.3% in the premarket after the company
beat top and bottom-line estimates for the first quarter, but the warehouse
retailer’s profit margins declined nearly 1 percentage point due to increased
costs for labour and freight. Costco said it will increase prices for certain
food items to offset those increases.