WEBVTT - Cheesecake Factory Falls, Walmart Slips, Wayfair Slumps As Analysts Spotlight Decline in Active Users

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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 2>check on stocks.

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<v Speaker 3>On the move, and the list I have before me

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<v Speaker 3>suggests that we're taking a trip to the ball Well, sure, yeah,

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<v Speaker 3>let's do that with Isabel Lee. Isabel is one of

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<v Speaker 3>our crossasset reporters. In Isabel, where's the first stop we're

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<v Speaker 3>going to make as we walk through the virtual wall?

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<v Speaker 1>It has to be cake? Ticker is cake at Cheese

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<v Speaker 1>Cake Factory? I know, I was like, this is a

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<v Speaker 1>winner ticker? How come I didn't know of this before?

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<v Speaker 1>So shares are actually just flat now? But pre market

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<v Speaker 1>was down as much as six percent. But the restaurant

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<v Speaker 1>chain's comp sales during the fourth quarter came in below

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<v Speaker 1>average estimate, So this spread A downgraded stephens to equal

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<v Speaker 1>weight from overweight.

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<v Speaker 4>The analyst there said.

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<v Speaker 1>Same story, sales declined in the quarter and decelerated sequentially.

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<v Speaker 4>So with shares up already twenty seven.

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<v Speaker 1>Percent year today, asked of the last close, he said

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<v Speaker 1>he sees limited upside from here.

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<v Speaker 4>The same with Cheesecae Factori.

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<v Speaker 1>Is I feel like everyone knows it, but I actually

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<v Speaker 1>don't know a friend who has last been there, so

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<v Speaker 1>maybe recently.

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<v Speaker 4>Yeah. What do you eat there? Everything and the cheesecake?

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<v Speaker 3>Yeah, I mean, and I bring it off home for

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<v Speaker 3>the next couple of weeks. That's what makes it special.

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<v Speaker 4>Okay, maybe Yeah, So you contribute to their earnings exactly,

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<v Speaker 4>all right, About what's the next one you want to do? Walmart?

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<v Speaker 4>So this is in the green by one and a

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<v Speaker 4>half percent.

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<v Speaker 1>They issued a forecast for folio earnings that mis expectations,

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<v Speaker 1>so it was interesting to see that the stock is

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<v Speaker 1>still in the green. Walmart said it needs flexibility and

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<v Speaker 1>unpredictable time for consumers.

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<v Speaker 4>So Walmart is the world's largest retailer.

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<v Speaker 1>And they're often seen as the barometer for the broad

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<v Speaker 1>economy because just because of its massive size and reach.

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<v Speaker 1>So this was interesting because it just highlights the state

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<v Speaker 1>over the economy is today. I mean, the economy is

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<v Speaker 1>kind of doing well, but also not really It's like

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<v Speaker 1>a softish economy. Worth noting though, that Walmart is typically

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<v Speaker 1>conservative at the start of the year and then they

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<v Speaker 1>just upgrade or downgrade whatever forecast the all playbook yeahwards.

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<v Speaker 4>Yeah, exactly, all right, finally, uh Wayfair Wayfair.

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<v Speaker 1>So our last small tour is with Wayfair ticker is

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<v Speaker 1>w stalk is down by ten percent. That's an intra

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<v Speaker 1>day low four months as active consumers in the fourth

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<v Speaker 1>quarter came and also slightly below expectations, so William Blair

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<v Speaker 1>says that the six point nine growth in that revenue

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<v Speaker 1>likely fell short of expectations. Peers like our Age and

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<v Speaker 1>Williams Sonoma are also in the red. So the analyst

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<v Speaker 1>there said that he believes that this is a solid

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<v Speaker 1>print but nothing major to complain about, just despite their

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<v Speaker 1>expectations that the byside was slightly embedding slightly higher top

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<v Speaker 1>line growth.

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<v Speaker 4>Wayfair I used.

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<v Speaker 1>I used to buy a lot when I was furnishing

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<v Speaker 1>my apartment. Okay, I say used because I've lived in

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<v Speaker 1>the same place for four years. But it's a good brand.

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<v Speaker 1>I actually really liked it.

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