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 3: Let's take a look at some stocks on the move today.
Speaker 3: I'm Tim Stanoveek with Christina Raffini. We're joined by Bloomberg
Speaker 3: News Cross asset reporter Taniza Soakova. You brought some stocks
Speaker 3: that are making big moves today.
Speaker 2: Yeah.
Speaker 4: In the Green abur Chrombie and Feeds shares are staring today.
Speaker 4: Shares are up more than twelve percent. Ticker is A
Speaker 4: and F. It's coming off a pretty strong earning report.
Speaker 4: The company reported first quarter just the EPs that BEATA estimates.
Speaker 4: Shares are up more than twelve percent. The stock is
Speaker 4: actually down thirty percent here today, so it was kind
Speaker 4: of a little bit of a deep buying here. The
Speaker 4: report was good, but soviously it was under so much
Speaker 4: pressure for a long time. When we come when all
Speaker 4: those retailers, we're really looking at what the Middle East
Speaker 4: conflict means for them, and that's definitely soft spot in
Speaker 4: the report. Sales in Europe, the Middle East in Africa
Speaker 4: felt ten percent. Nevertheless, that's not a problem for investors
Speaker 4: today when comes analysts, there are a little bit more
Speaker 4: worll It's City analysts said it was encouraging to see
Speaker 4: that the brand returned to sales growth, but they're worried
Speaker 4: indeed about the impact from the Middle East. And one
Speaker 4: interesting point from Wiedom Blair analyst is that they the
Speaker 4: results were better than investors' feares fear, hence the reaction
Speaker 4: we're seeing, which is probably not the best thing you
Speaker 4: want to hear from antalysts.
Speaker 1: You know, I'm trying so hard to resist singing that
Speaker 1: song from the nineties, singing.
Speaker 3: Don't know, don't sing it. I know what you're talking about. No, no, please,
Speaker 3: just you know, I don't want to see get in trouble.
Speaker 3: Don't the rights to it, so.
Speaker 1: Yeah, well, no one will know it's even remotely onto,
Speaker 1: I try to say.
Speaker 3: But Abercrombie has had so many different iterations.
Speaker 1: Really fascinating to me.
Speaker 3: I think out the nineteen nineties and the catalogs.
Speaker 1: And so iconic in the bags, and there was controversy
Speaker 1: and then it just kind of disappeared, but all of
Speaker 1: a sudden it is back. I mean, I found myself
Speaker 1: in the one on Fifth Avenue and it was packed
Speaker 1: with a really wide range of shoppers. So there's clearly
Speaker 1: appealing to still my generation and then the newer generation.
Speaker 1: There are a lot of young people in there looking around.
Speaker 3: Yeah, and even between what twenty twenty two going up
Speaker 3: to twenty twenty four, the stock pushed higher in a
Speaker 3: short time by over one thousand percent. It's down from
Speaker 3: those all time highs back in twenty twenty four. But
Speaker 3: you know, maybe this is a little bit of a recovery.
Speaker 4: Yeah, for sure, I definitely found myself in one of
Speaker 4: those periods where I became a big fan. But yeah,
Speaker 4: so many changes. Another brand that's kind of seeing a
Speaker 4: lot of reinteration, and there are like few different brands
Speaker 4: that have gone through a lot of changes is the
Speaker 4: Exporting Goods Shares actually a down today, very different reaction
Speaker 4: to the retailer. It's a mixed for first quarter earnings report.
Speaker 4: It's not necessarily super bad. The ticker is the KS.
Speaker 4: The smoke is up thirteen percent year today. Despite the
Speaker 4: tension we're seeing today, what only is saying is that
Speaker 4: food locker turnaround appears to be progressing. We've been talking
Speaker 4: about all those turnaround that one seems to be doing well.
Speaker 4: Both Dicks and Food Locer beat expectations. A lot of
Speaker 4: optimism there. Jpie Morgan analysts are saying that both brands
Speaker 4: are sewing strong sale performance and are pretty feeling pretty
Speaker 4: good about this. Dick's legacy business is strong momentum heading
Speaker 4: into the summer, and then of course we have school season,
Speaker 4: so in the next few quarters we're seeing pretty positive momentum.
Speaker 4: One thing they're trying to expand, it's marketing tied to
Speaker 4: World Cup events. So I don't know if you bought tickets.
Speaker 4: I don't know if you're excited.
Speaker 3: Do you think I bought tickets the World Cup?
Speaker 4: Did you sign up for the watery?
Speaker 2: No?
Speaker 3: I didn't sign up for the lottery. Is there still
Speaker 3: time to sign.
Speaker 1: Up for the lottery?
Speaker 4: I think it's every morning.
Speaker 3: It's okay, I'll sign up for the lottery for tomorrow.
Speaker 3: But yeah, I was thinking about going to the World
Speaker 3: Cup and then I heard about how expensive the tickets
Speaker 3: wereund like, we've got a different soccer yea, yeah's go
Speaker 3: to Europe up instead. Okay, what about a different retailer
Speaker 3: that's out with earnings too?
Speaker 1: Yeah?
Speaker 4: All retailers say bath Body and Work shares are up
Speaker 4: ten percent. The thick is BBWI. The company report the
Speaker 4: first quarter reserts ahead of concessed consensus, ahead of what
Speaker 4: Wall Street was expecting. Stock is actually down here today,
Speaker 4: so this was much needed relief, but it's still not
Speaker 4: enough to leave the company higher for the year. We
Speaker 4: have some company news. They said their CFO, Eva Borato,
Speaker 4: will step down from her role effective June twelfth. Along
Speaker 4: with that, we actually saw some price cuts in the
Speaker 4: days before we saw td cow and we saw ubs,
Speaker 4: so sentiment has definitely definitely been mixed. Something interesting we're
Speaker 4: seeing in that space the company has been expanding on
Speaker 4: Amazon and is trying to get customers there. They say
Speaker 4: about seven percent of their active in store assortment is
Speaker 4: coming from Amazon, which is pretty interesting. And again, as
Speaker 4: Abercombe and Fitch, they're trying to get to that younger consumer,
Speaker 4: so they're.
Speaker 3: Using Amazon as a portal they reach concerns.
Speaker 4: Yes, they started not too long time ago.
Speaker 1: That's interesting though, because you think of bath and body
Speaker 1: works like you think of going in the store and
Speaker 1: in spread yeah things and coming out smelling ridiculous. But
Speaker 1: the process, I don't know how you choose those things
Speaker 1: online that you just order and hope for the best, but.
Speaker 4: Obviously easier put it all together on an Amazon and
Speaker 4: just get one item, Isn't it?
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