Five Below, Medtronic Lead June 3 Earnings Wave
Discount retailers and healthcare tech report strong growth as AI infrastructure investments scale.
Five Below (FIVE) surged in the first quarter, reporting net sales of $1.28 billion, a 32.5% increase. The company expanded its footprint to 1,970 stores and raised its full-year sales and EPS outlook. Ollie's Bargain Outlet Holdings (OLLI) also saw growth, with net sales rising 14% and the company raising its fiscal 2026 EPS outlook. PVH Corp. (PVH) delivered first quarter revenue of $2.0 billion, driven by a 6% increase in direct-to-consumer revenues across the Calvin Klein and Tommy Hilfiger brands.
Digi Power X (DGXX) is pivoting toward next-generation AI hardware with a $35 million commitment to purchase NVIDIA Vera Rubin systems. The company plans to fund the acquisition via cash on hand to expand its NeoCloudz GPU-as-a-Service business.
TTM Technologies (TTMI) has strengthened its liquidity by closing a new $1.0 billion cash flow senior secured revolver and a $400 million upsized Term Loan B.
Medtronic (MDT) achieved its highest annual revenue growth in a decade, reporting fourth quarter revenue of $9.8 billion, up 9.9%. Growth was particularly aggressive in Cardiac Ablation Solutions, which saw global revenue jump 78%.
XPO (XPO) reported preliminary May 2026 data showing a 0.5% increase in LTL tonnage per day, supported by a 3.3% rise in shipments per day.
Netskope (NTSK) started its fiscal 2027 with annual recurring revenue increasing 29% year-over-year to $845 million. First quarter revenue grew 28% to $202 million.
CMS Energy (CMS) announced a leadership transition, naming Sri Maddipati as the new Chief Financial Officer for both CMS Energy and Consumers Energy.