Stock Movers Closing Bell: Cracker Barrel Rallies, Abercrombie Slips, Snowflake Earnings
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Aug 27, 2025 Cracker Barrel won back customer approval by ditching a controversial logo, resulting in a share price boost. Abercrombie & Fitch is riding high with a raised sales forecast after a successful quarter at Hollister. Meanwhile, Snowflake exceeded expectations by increasing its revenue guidance for the year. The discussion also highlights significant market performances from other players like NetApp and J.M. Smucker, alongside strong earnings from MongoDB and Five Below, underscoring a positive trend in investor sentiment.
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MongoDB Posts Blowout Quarter
- MongoDB's Q2 results significantly outperformed expectations and drove shares to record highs since its IPO.
- Strong earnings surprised the market and highlighted investor appetite for robust database growth.
Five Below Raises Full-Year Outlook
- Five Below beat EPS and comp sales expectations and raised its full-year outlook.
- The retailer's guidance lift signals continued momentum in discount and specialty retail categories.
NetApp Holds Guide But Stocks Dip
- NetApp reported Q1 revenue roughly in line with estimates and is maintaining its full-year guidance.
- The market reaction was negative, reflecting investor skepticism about near-term hardware demand.