Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Stock Moves It's a podcast.
Speaker 3: No Pressure or alexis the bar is high? All right,
Speaker 3: Let's start with Dick's Sporting Goods. This stock is down
Speaker 3: two percent right now, but up eighteen percent year to date,
Speaker 3: so it's been doing pretty well. And in the past
Speaker 3: year it's up thirty four percent. Dix posted in earning's
Speaker 3: miss for last quarter. It is trying to get foot
Speaker 3: locker back to growth. Remember it bought the legacy sneaker
Speaker 3: store back in September for about two and a half
Speaker 3: billion dollars, so it incurred over ninety six million dollars
Speaker 3: in charges related to that acquisition last quarter, and so
Speaker 3: those can expenses contributed to a miss on Dick's bottom line.
Speaker 3: Top line results, though, did beat expectations, and this is
Speaker 3: coming from analysis at Bloomberg Intelligence. They say Dick's Sporting
Speaker 3: Goods has strong momentum for its legacy business heading into
Speaker 3: the summer and the back to school shopping season. My goodness,
Speaker 3: back to school. We didn't even finish this school season
Speaker 3: and then the World Cup, a possible catalyst for more
Speaker 3: same store sales surprises. Apparently that merch is already out
Speaker 3: for the stores.
Speaker 1: So we're talking to merch. I mean the stock's down right, yeah.
Speaker 1: So I'm sitting in the food coat yesterday having my
Speaker 1: English breakfast full English. An Mary Horden comes up to
Speaker 1: me and she's dressed in this gazillion, multiple, one hundred
Speaker 1: dollars sparkle. I'm sitting in the first row Nick's jacket.
Speaker 1: Love it, and she goes, doesn't work, And I said, well,
Speaker 1: it's the knicks. It's gotta work. I mean, can you
Speaker 1: imagine them?
Speaker 3: They get one to test.
Speaker 1: She got it at Dick's Sporting's good.
Speaker 3: All right, Okay, there you go.
Speaker 1: Oh let's go.
Speaker 3: Let's stick with retail into a little Lulu Lemon. So
Speaker 3: this stock is up better than three percent right now.
Speaker 3: And we know they've been going through it. I mean
Speaker 3: it's down thirty nine percent year to date, down sixty
Speaker 3: percent in the past year. They're trying to get their
Speaker 3: sales up. There have been executive changes at Lululemon. Well
Speaker 3: now the company's making with its founder Chip Wilson. Just
Speaker 3: this morning it entered an agreement with Wilson to end
Speaker 3: their messy proxy fight. Wilson started that back in December.
Speaker 3: He is their largest shareholder. Under terms of the deal,
Speaker 3: Wilson's going to get two board seats and in exchange,
Speaker 3: he is not going to bad mouth Lululemon. It says
Speaker 3: any agreement for around a year and a half. So
Speaker 3: what happens after that, and you can trash the place.
Speaker 3: I don't know what the lawyers were thinking about there,
Speaker 3: but Lulu Lemon. Yeah, it's the stock is getting a
Speaker 3: nice bump today. And then Bath and body Works. Oh,
Speaker 3: I just realized they're all retail stocks.
Speaker 1: It's a time of year.
Speaker 3: It's so true. So this is this soap and candle
Speaker 3: retailer you smell at the minute you walk into the stores.
Speaker 3: Stock is up twelve percent here today. It reported lower
Speaker 3: first quarter sales. The company is overhauling its strategy to
Speaker 3: return to growth. But you know what, even though sales fell,
Speaker 3: they still came in better than expected. Also guidance match
Speaker 3: Street estimates. Full your guidance maintained, and their CFO has
Speaker 3: stick down and they're they're naming somebody else on an
Speaker 3: interim basis. They expect to generate freak cash flow of
Speaker 3: about six hundred million dollars. But I did not get this.
Speaker 3: I did not know this, td count analyst saying there
Speaker 3: is more downside risk for Bath and Body Works given
Speaker 3: their exposure to the Middle East. Do you know they
Speaker 3: get five percent of their sales from the Middle East.
Speaker 1: I've never gotten the company. I mean, I I don't
Speaker 1: care because I'm in the triple leverage all cash.
Speaker 3: But it just candles are not your thing, Tom, No,
Speaker 3: they're not.
Speaker 1: You know, It's okay. And I guess the markups like four.
Speaker 1: You got anything else?
Speaker 3: I mean, I can do a little target for you.
Speaker 1: Je I got, I got the an Marie coat. Here.
Speaker 1: I can see you with this. Alexis the pro standard
Speaker 1: Woman's New York Knicks black Legacy Varsity jets.
Speaker 3: Oh a Varsity jet like with the big letters there,
Speaker 3: like a big letters. And you know, do you think
Speaker 3: I can expense it?
Speaker 1: I would? I think expense and marine horders job expense.
Speaker 1: I mean the same with Alexis Postophores.
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