WEBVTT - Crocs Rises, Levi Soars, Vital Farms Falls

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>I'm Carol Masser along with Tim Stanevik. Let's get to

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<v Speaker 3>some stocks on the move with us. Is Bloomberg. Cross

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<v Speaker 3>Houset reporter Isabelle Lee. She is in the house. Good

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<v Speaker 3>to have you here. There was a lot of movement

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<v Speaker 3>in individual names today, I mean broad based buying.

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<v Speaker 1>Yes, y, I did feel spoiled, and that's why I

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<v Speaker 1>chose stocks that I personally am interested in. I'm not

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<v Speaker 1>going to say I love them or I hate it,

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<v Speaker 1>So there go there. So Crocs, I feel like this

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<v Speaker 1>is the stock that you love or you hate. But

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<v Speaker 1>today it's up by more than ten percent. That we

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<v Speaker 1>have William Trading upgrading their rating to buy from hold,

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<v Speaker 1>citing better than expected trends. They now expect Crocs full

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<v Speaker 1>year US revenue for twenty twenty six to decrease by

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<v Speaker 1>five point eight percent. That's in contrasted expectation of a

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<v Speaker 1>seven point five percent declient. So it's less bad. They

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<v Speaker 1>also said, hey, dude is becoming less bad. Do you

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<v Speaker 1>know he dude, he did shoes there or something. I

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<v Speaker 1>did a quick google shoes. I don't own one, but

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<v Speaker 1>they're saying with the brand management shifting, they're trying to

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<v Speaker 1>attract female consumers, so maybe I guess it should be

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<v Speaker 1>Hey girls.

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<v Speaker 4>Hey dude to me is the name of a nineteen

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<v Speaker 4>eighty nine Nickelodeon sitcom.

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<v Speaker 1>I love Nickelodeon. Hey do exactly?

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<v Speaker 4>It was go go.

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<v Speaker 1>You know these shoes exactly.

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<v Speaker 4>Talking about the show Carol about the shoes to YouTube.

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<v Speaker 4>Watch the show focus to Hey dudek. Christine Taylor was

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<v Speaker 4>in it. Oh yeah, it's like it's she.

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<v Speaker 3>Played Marshall Brady, didn't she?

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<v Speaker 1>I actually in the movie she is. I just said shoes.

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<v Speaker 3>I know.

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<v Speaker 1>Hey, sorry, yeah, tick our CrOx before the producers get to.

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<v Speaker 3>Us slightly comfortable often she and washable. Hey do you

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<v Speaker 3>choose like the popular Wendy and Wally style service as

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<v Speaker 3>a complimentary brand to clocs classic folm clocks. There a

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<v Speaker 3>lot of dudes wearing these.

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<v Speaker 1>I don't know, but now they're pivoting to women.

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<v Speaker 3>So oh okay, so that's where we go.

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<v Speaker 1>So you're right, hey, okay, hey should we go to

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<v Speaker 1>LEVI yes, ticker l E V I. My dad loves

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<v Speaker 1>these jeans. I don't know why. I mean, I guess

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<v Speaker 1>because they're durable. I mean these jeans.

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<v Speaker 3>My twenty three year old daughter loves these jeans. Tim's

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<v Speaker 3>wife loves these gens.

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<v Speaker 1>Not love this, Okay, so what he's got, he's a

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<v Speaker 1>little sishy. Oh your sheshi? Okay. Yeah.

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<v Speaker 3>So you know when they fit, they fit, and you

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<v Speaker 3>just got to go with it.

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<v Speaker 1>Well, the Doock is going really up in the green

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<v Speaker 1>after the company boosted adjusted EPs and revenue forecast for

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<v Speaker 1>the full year. The company also reported first quarter earnings

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<v Speaker 1>and sales the top estimate so The CEO, Michelle Gas,

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<v Speaker 1>said that the consumer has remained resilient and they're expanding now.

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<v Speaker 1>They're offering to include more tops and new styles of

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<v Speaker 1>genes while prioritizing the brand stores and websites. I think

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<v Speaker 1>this is becoming a big thing because I don't actually

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<v Speaker 1>go physical shopping anymore because.

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<v Speaker 3>There's pretty cool, they're easy, they're nice, very I was.

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<v Speaker 1>Going to say end, they're big and there are a

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<v Speaker 1>lot of dressing rooms, so I guess there is that.

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<v Speaker 1>But the effort seems to be paying off because we're

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<v Speaker 1>seeing a broader pullback in the US sales.

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<v Speaker 3>But Michelle Goss, the CEO, is on our air today

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<v Speaker 3>and she like said, kind of firing on all different cylinders.

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<v Speaker 3>And I thought you highlighted too that different price points,

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<v Speaker 3>different labels. So let's sumplain into different parts of the market.

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<v Speaker 4>I mean, it's the Levi's brand, but there are different

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<v Speaker 4>segments of customers that they want to reach. So she

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<v Speaker 4>talk about products with twenty to twenty five dollars price

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<v Speaker 4>points all the way up to the blue label jeans,

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<v Speaker 4>which what she said, over two hundred dollars for a

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<v Speaker 4>so that's sort of the premium category. Yeah, I mean

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<v Speaker 4>they reach consumers where they are. It's been really successful.

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<v Speaker 4>Plus they have working with them the trend right now,

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<v Speaker 4>which is like nineties grunge and yeah, no Carol.

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<v Speaker 1>The set, I am watching Love Story.

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<v Speaker 3>Well apparently that show and of course everything she wears.

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<v Speaker 3>We've talked about this here at Bloomberg. Is you know

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<v Speaker 3>Calvin Klein, I think, is you know getting into this too.

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<v Speaker 3>But her jeans are selling really well.

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<v Speaker 1>It seems like it's such a cool time to be

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<v Speaker 1>living in, Like when John was waiting outside of her

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<v Speaker 1>home because there's no text, and you can't just say

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<v Speaker 1>where you at. You have to wait for a woman

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<v Speaker 1>to look out the window. I want to be corned like.

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<v Speaker 4>That, honestly, all right, do we have time for vital farms?

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<v Speaker 1>We can be quick vital farms. I personally couldn't say seconds.

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<v Speaker 1>They're thirteen dollars eggs, but stock is now down binarily

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<v Speaker 1>six percent to take Calvin cut, the recommendation to hold

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<v Speaker 1>from buy and slash price target. There have been some

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<v Speaker 1>controversy around these. I still continue to buy them.

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<v Speaker 3>Though thirteen dollars eggs. Are they crusted in gold?

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<v Speaker 1>Yes? But I don't buy ten two hundred dollars jeans

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<v Speaker 1>though so.

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