HPE Soars, Victoria's Secret Climbs, Shake Shack Falls

Today's biggest winners and losers in the stock market, a look at the notable movers:

On this episode of Stock Movers:
- Hewlett Packard Enterprise (HPE) shares soared by the most ever after the company gave an outlook for annual sales that topped Wall Street’s estimates, citing massive growth in AI-fueled demand for its servers and networking. Revenue will increase about 31% in the fiscal year ending in October, and about 10% in the year ending in October 2027, the company said Monday in a statement. Both are significantly higher than analyst growth expectations — 19% and 5.3% for fiscal years 2026 and 2027, respectively.

- Victoria’s Secret (VSXY) shares soared after the company beat earnings estimates and boosted its outlook, adding to signs of progress for Chief Executive Officer Hillary Super’s turnaround plan. The lingerie retailer raised its annual net sales guidance to as much as $7.13 billion, up from a previous high of $6.95 billion. Victoria’s Secret reported net sales of $1.56 billion for the quarter ended May 2, exceeding analysts estimates. Comparable sales for the quarter were also above forecasts

-Shake Shack (SHAK) shares decline as much as 12%, to the lowest since Nov. 2023, after the burger company lowered its guidance for the second quarter about a month after first providing ranges for the period. Management cited “macroeconomic uncertainty,” as well as the “competitive landscape” for its reduced view.

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