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Starbucks' shake-up, Smith & Wesson sinks on outlook, Ulta Salon wows investors

Yahoo Finance

Here are some of the stocks the Yahoo Finance team will be watching for you today.

Starbucks (SBUX) shares fell in early trading after the coffee retailer announced late yesterday that Howard Schultz is stepping down as CEO and taking on the role of executive chairman. The company’s current president and COO Kevin Johnson will become the coffee giant’s next CEO in April. Schultz said on a conference call on Thursday that his replacement will be better prepared to handle the tech changes that are coming at the company.

Smith & Wesson (SWHC) were lower this morning. The nation’s biggest gun manufacturer gave a weaker-than-expected outlook for the current quarter and lowered its profit guidance for the year. Still, it posted a beat on both its top and bottom line for the quarter that ended in October, driven by a 63% jump in sales.

Ulta Salon (ULTA) stock soared in early trading. The company continues to wow investors. It raised its outlook for the year once again after delivering better-than-expected earnings and revenue for the third quarter. Revenue shot up 24% thanks to strong same-store sales and a surge in online sales.

Five Below (FIVE) shares are also sharply higher. The discount retailer gave an upbeat outlook for the current quarter after reporting earnings that topped analysts’ estimates for the third quarter, but revenue came in a tad shy of forecasts. And both profit and revenue rose from a year ago with sales up nearly 18%.