Home Depot Rises, Viking Holdings Tumbles, AMER Sports Climbs on Profit Forecast
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Show Notes
On this episode of Stock Movers:
- Home Depot (HD) shares rise after the company maintained its guidance for the fiscal year despite a 0.3% drop in comparable sales, as US sales ticked up due to smaller projects. The company's CFO attributed the sales slowdown to weather conditions in February, but noted that demand improved in March and April, and has continued into the current quarter.
- Viking Holdings (VIK) shares tumble as analysts say its 2026 bookings forecast and pricing growth trends show a deceleration from 2025. This comes even as the company’s first-quarter revenue and adjusted Ebitda were ahead of expectations.
- AMER Sports (AS) shares climb after the maker of Wilson tennis rackets and Salomon ski boots boosted its adjusted profit forecast for the full year, and reported first-quarter results that topped expectations.
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