WEBVTT - Accenture Falls, Birkenstock Drops, CarMax Mixed After Flagging Margin Pressure

0:00:02.520 --> 0:00:09.960
<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

0:00:10.240 --> 0:00:13.360
<v Speaker 1>your roundup of companies making moves in the stock market,

0:00:13.680 --> 0:00:17.400
<v Speaker 1>harnessing the power of Bloomberg Data. Let's stick a look

0:00:17.400 --> 0:00:18.680
<v Speaker 1>at some of the stocks on the move today on

0:00:18.720 --> 0:00:21.200
<v Speaker 1>Paul Sweeney alongside Scarlet Fuh and we're joined by Bloomberg's

0:00:21.200 --> 0:00:22.560
<v Speaker 1>and Norma Linda or what are you looking at?

0:00:22.680 --> 0:00:24.439
<v Speaker 2>Well, there was a big selection to choose from, but

0:00:24.480 --> 0:00:27.360
<v Speaker 2>I'm looking at shares of a censure that is ticker ACN.

0:00:27.640 --> 0:00:29.960
<v Speaker 2>We're seeing shares lower down about one percent right now

0:00:30.000 --> 0:00:31.560
<v Speaker 2>as we speak. This is after the company gave a

0:00:31.640 --> 0:00:35.120
<v Speaker 2>second quarter revenue forecast with a midpoint that fell below

0:00:35.159 --> 0:00:37.800
<v Speaker 2>what analysts had expected. We did have vital knowledge the

0:00:37.840 --> 0:00:40.519
<v Speaker 2>analysts over there saying that they do think that the

0:00:40.520 --> 0:00:43.080
<v Speaker 2>company put up respectable numbers, but they say that the

0:00:43.080 --> 0:00:46.640
<v Speaker 2>company is often grouped in the AI losers basket amid

0:00:46.640 --> 0:00:49.680
<v Speaker 2>fears that its model will be disrupted by new technologies.

0:00:49.720 --> 0:00:51.720
<v Speaker 2>So we are seeing shares a touch lower. And it

0:00:51.760 --> 0:00:54.160
<v Speaker 2>hasn't really been a pretty year for the company. Shares

0:00:54.160 --> 0:00:56.280
<v Speaker 2>down about twenty three percent so far this year.

0:00:56.760 --> 0:01:01.080
<v Speaker 3>And my favorite shoe company is it? Yes, I'm sorry

0:01:01.120 --> 0:01:02.840
<v Speaker 3>with some news. I have like twenty pairs of I

0:01:02.840 --> 0:01:03.400
<v Speaker 3>have it from.

0:01:03.360 --> 0:01:06.040
<v Speaker 2>Obsessed with Birkenstocks. I didn't know if people are still

0:01:06.080 --> 0:01:06.720
<v Speaker 2>buying burkes.

0:01:06.720 --> 0:01:08.880
<v Speaker 3>I have sneakers Birkenstock sneakers.

0:01:08.959 --> 0:01:10.040
<v Speaker 2>See any exist day.

0:01:10.120 --> 0:01:13.280
<v Speaker 3>So you're loyal, Yes, loyal as several like at least

0:01:13.280 --> 0:01:14.360
<v Speaker 3>four well.

0:01:14.400 --> 0:01:18.759
<v Speaker 2>Shares of Birkenstock are lower ticker b IRK down about

0:01:18.840 --> 0:01:20.960
<v Speaker 2>nine percent right now. This is after the company gave

0:01:21.000 --> 0:01:24.240
<v Speaker 2>an outlook that was seen as disappointing. They're essentially forecasting

0:01:24.280 --> 0:01:27.679
<v Speaker 2>slower sales growth for the year ahead. This is, of

0:01:27.720 --> 0:01:30.240
<v Speaker 2>course due to the impact of the weaker US dollar.

0:01:30.319 --> 0:01:32.920
<v Speaker 2>They also cite tariffs, so we really are trying to

0:01:32.959 --> 0:01:35.640
<v Speaker 2>see the CEO coming up with some sort of turnaround story,

0:01:35.640 --> 0:01:37.720
<v Speaker 2>but right now it doesn't seem as though it's paying off.

0:01:38.000 --> 0:01:40.280
<v Speaker 2>As it currently stands Shares with the company are down

0:01:40.319 --> 0:01:42.880
<v Speaker 2>about twenty six percent so far this year.

0:01:43.000 --> 0:01:44.520
<v Speaker 1>Are Birkenstocks cool?

0:01:44.720 --> 0:01:47.520
<v Speaker 2>Are they comfy or are they just comfy? You break them both?

0:01:47.520 --> 0:01:50.360
<v Speaker 3>They're both okay. They're very comfortable, and they're wide in

0:01:50.400 --> 0:01:52.960
<v Speaker 3>the toe box, which is important for me. And they

0:01:53.000 --> 0:01:55.640
<v Speaker 3>have you know, an arch support, so that's also good.

0:01:55.920 --> 0:01:58.240
<v Speaker 3>The only criticism I have is that the soul gets

0:01:58.520 --> 0:01:59.600
<v Speaker 3>it wears down pretty quickly.

0:01:59.680 --> 0:02:01.720
<v Speaker 2>I do see that. I do see that. I've never

0:02:01.840 --> 0:02:03.160
<v Speaker 2>under payer, never underpair.

0:02:03.200 --> 0:02:05.720
<v Speaker 3>But though the ones that look like mushrooms, I don't.

0:02:05.800 --> 0:02:07.720
<v Speaker 3>I think it's the Boston one. Those are really popular

0:02:07.800 --> 0:02:08.240
<v Speaker 3>right now.

0:02:08.120 --> 0:02:09.440
<v Speaker 2>Now I have to look up all the photos. I know.

0:02:09.480 --> 0:02:10.480
<v Speaker 1>Now we have to do well.

0:02:10.480 --> 0:02:12.520
<v Speaker 3>We're gonna get Paul Sweny in some brick and sauce.

0:02:14.200 --> 0:02:14.919
<v Speaker 2>I'll pay to.

0:02:14.880 --> 0:02:16.880
<v Speaker 1>See that, please, all right.

0:02:16.919 --> 0:02:21.600
<v Speaker 2>Carmacks Carmacks Sticker k M eggs also lower earlier. Now

0:02:21.600 --> 0:02:23.519
<v Speaker 2>it's in the green, but we did see shares earlier

0:02:23.520 --> 0:02:26.280
<v Speaker 2>falling more than six percent in this training session. This

0:02:26.400 --> 0:02:29.000
<v Speaker 2>after the company warned about fourth quarter margins. They're saying

0:02:29.000 --> 0:02:31.919
<v Speaker 2>that they expect lower retail used margins in the fourth

0:02:31.960 --> 0:02:35.960
<v Speaker 2>quarter in order to improve price competitiveness. The company also

0:02:35.960 --> 0:02:38.200
<v Speaker 2>plans to boost it spending on marketing. So it doesn't

0:02:38.200 --> 0:02:40.160
<v Speaker 2>seem as though this is what investors wanted to hear.

0:02:40.200 --> 0:02:42.280
<v Speaker 2>What we are seeing shares bouncing back just a tad

0:02:42.520 --> 0:02:44.640
<v Speaker 2>of about eight ten percent right now as we speak.

0:02:44.639 --> 0:02:46.560
<v Speaker 2>But it really hasn't been a great year for the company.

0:02:46.639 --> 0:02:50.160
<v Speaker 2>Shares of down about fifty percent so far this year.

0:02:50.160 --> 0:02:55.359
<v Speaker 1>In twenty twenty five, the Stock Mover's Report from Bloomberg Radio.

0:02:55.720 --> 0:02:57.880
<v Speaker 1>Check back with us throughout the day for the latest

0:02:57.919 --> 0:03:01.800
<v Speaker 1>roundup of companies making news on and for the latest

0:03:01.800 --> 0:03:06.000
<v Speaker 1>market moving headlines. Listen to Bloomberg Radio Live, catch us

0:03:06.040 --> 0:03:09.760
<v Speaker 1>on YouTube, Bloomberg dot com, and on Applecarplay and Android

0:03:09.800 --> 0:03:11.760
<v Speaker 1>Auto with the Bloomberg Business app.