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Midday movers: Dollar General, Salesforce, Kroger and more

Investing.com
·1 min read

By Liz Moyer

Investing.com -- Stocks were lower on Thursday as investors paused to await Friday's report on November jobs. Here are the midday movers for Dec. 1.

Dollar General Corporation (NYSE:DG) shares fell 8.4% after the discount retail chain cut its annual forecast citing higher costs and missed expectations for profit. Revenue and same-store sales were higher than expected.

Salesforce Inc (NYSE:CRM) stock dropped 9.8% after the human resources software provider said co-CEO Bret Taylor would be leaving the company, leaving co-founder Mark Benioff as sole CEO. The company beat expectations on profit and revenue.

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Kroger Company (NYSE:KR) stock dipped 0.4% after the grocery giant reported better than expected profit and sales and raised its full-year outlook. Comparable store sales rose 6.9%, beating expectations. Costco Wholesale Corp (NASDAQ:COST) shares fell 6% after it said online sales dipped 10% in November.

Okta Inc (NASDAQ:OKTA) shares jumped 23% after the security software maker beat estimates. It said revenue growth for fiscal 2024 should be around 16% to 17%, which was below expectations. But it also reported positive operating margin in the recent quarter.

Designer Brands Inc (NYSE:DBI) shares fell 22% after earnings per share fell short of expectations. It cut its full-year 2022 EPS guidance to $1.75 to $1.80, down from earlier guidance of $2.05 to $2.15.

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