TPR, YETI, BLSH, STUB, CBRS

Key Points:

• Tapestry shares dropped 7% despite beating earnings estimates with $1.32 per share and slightly exceeding revenue expectations at $1.88 billion; the company raised its quarterly dividend from 40 to 46.25 cents per share.
• EnerSys surged 13% after reporting adjusted earnings of $3.66 per share and revenue of $935.6 million, both surpassing analyst estimates, along with strong second-quarter EPS guidance.
• Grocery Outlet and Jack in the Box shares rose 9% and over 6%, respectively, following better-than-expected second-quarter earnings and revenue results.
• Birkenstock jumped 10% after beating revenue and adjusted EBITDA expectations, and it projected full-year results at the high end of prior guidance.
• Cerebras Systems and StubHub saw significant declines of nearly 18% and 17%, respectively, due to revenue misses and weaker-than-expected adjusted gross margins, while Cisco Systems fell 6% on narrowly beating gross margin estimates.