Check out the companies making headlines before the bell:
Six Flags (SIX) – The theme park operator’s stock fell 12.8% premarket after its quarterly profit and revenue fell well below Wall Street forecasts. Six Flags saw its results penalized by a 22% drop in attendance, among other factors.
Canada Goose (GOOS) – The outerwear maker reported a weaker-than-expected quarterly loss, with revenue beating analysts’ forecasts. Canada Goose is the latest luxury retailer to see its high-end consumers maintain their spending levels. The stock added 2.4% in premarket trading.
Warby Parker (WRBY) – The eyewear retailer reported a weaker-than-expected quarterly loss, with sales beating estimates. The number of active customers increased by 8.7% compared to the previous year.
Utz Brands (UTZ) – The savory snack maker’s stock jumped 8.2% in premarket after reporting better-than-expected quarterly profit and revenue, as well as an increase in its sales outlook for the year whole.
Cardinal Health (CAH) – Cardinal Health fell 1% in premarket after reporting a mixed quarter, as the pharmaceutical distributor’s profits beat Street’s forecast while revenue fell short of estimates. Cardinal Health also announced that CEO Mike Kaufmann will step down on September 1, to be replaced by Chief Financial Officer Jason Hollar.
Walt Disney (DIS) – Disney rose 8.9% in pre-market after reporting better-than-expected quarterly results and announcing a Dec. 8 launch date for an ad-supported version of its Disney+ streaming service . It also announced that it would increase the price of its ad-free service to $10.99 per month from $7.99.
Sonos (SONO) – Sonos slipped 17.6% in premarket after its breakeven quarter surprised analysts, who had been expecting a profit. Revenues also came in well below Wall Street forecasts as the company cut its full-year guidance amid economic challenges. The high-end speaker maker also announced the departure of chief financial officer Brittany Bagley, effective September 1.
Bumble (BMBL) – Bumble fell 8.9% in premarket trading after the dating services operator slashed its full-year revenue forecast. Bumble faces fierce competition from rivals such as parent Tinder Match Group (MTCH), and its dating app Badoo – which is popular in Western Europe – has been hit by war in Ukraine.
Vacasa (VCSA) – Vacasa climbed 24.7% in premarket stock after the vacation rental service provider raised its full-year outlook amid rising demand. Vacasa also announced a surprise quarterly profit.
Vizio (VZIO) – Vizio gained 2% in premarket trading after the maker of smart TVs and other consumer entertainment equipment reported surprise earnings for its latest quarter, with average revenue per user up by 54% compared to the previous year.
