Stock Movers Planet Labs' Profit Beat, Five Below Gains, Tariffs Hit PVH
Jun 5, 2025
Planet Labs reports a surprising profit boost as European defense spending rises. Meanwhile, discount retailer Five Below shines with better-than-expected sales forecasts. On the flip side, PVH faces a downturn due to tariff impacts, leading to lowered profit projections. Tesla struggles continue with falling shipments from China, alongside public controversies involving Elon Musk. Land's End experiences an unexpected stock surge despite missing earnings expectations, highlighting the unpredictable nature of the market.
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Planet Labs Profit Beats Expectations
- Planet Labs reported a profit of $1.2 million, beating analyst expectations of a $3 million loss.
- European defense spending increased demand for its satellite data, driving this profitability.
Tariffs Hurt PVH Earnings Outlook
- PVH, owner of Calvin Klein, cut its annual profit outlook due to $65 million hit from tariffs on imports to the U.S.
- Analysts expect tariff-related issues to persist through early 2026.
Five Below Benefits From Discount Retail Trend
- Five Below beat Q1 earnings and raised its Q2 net sales guidance, driven by discount retailer trend.
- Middle- and upper-income customers are increasingly shopping at discount stores, boosting sales.