WEBVTT - Abercrombie Climbs, Dick's Falls, Bath & Body Works Gains

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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>Let's take a look at some stocks on the move today.

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<v Speaker 3>I'm Tim Stanoveek with Christina Raffini. We're joined by Bloomberg

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<v Speaker 3>News Cross asset reporter Taniza Soakova. You brought some stocks

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<v Speaker 3>that are making big moves today.

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<v Speaker 2>Yeah.

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<v Speaker 4>In the Green abur Chrombie and Feeds shares are staring today.

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<v Speaker 4>Shares are up more than twelve percent. Ticker is A

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<v Speaker 4>and F. It's coming off a pretty strong earning report.

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<v Speaker 4>The company reported first quarter just the EPs that BEATA estimates.

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<v Speaker 4>Shares are up more than twelve percent. The stock is

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<v Speaker 4>actually down thirty percent here today, so it was kind

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<v Speaker 4>of a little bit of a deep buying here. The

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<v Speaker 4>report was good, but soviously it was under so much

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<v Speaker 4>pressure for a long time. When we come when all

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<v Speaker 4>those retailers, we're really looking at what the Middle East

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<v Speaker 4>conflict means for them, and that's definitely soft spot in

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<v Speaker 4>the report. Sales in Europe, the Middle East in Africa

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<v Speaker 4>felt ten percent. Nevertheless, that's not a problem for investors

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<v Speaker 4>today when comes analysts, there are a little bit more

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<v Speaker 4>worll It's City analysts said it was encouraging to see

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<v Speaker 4>that the brand returned to sales growth, but they're worried

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<v Speaker 4>indeed about the impact from the Middle East. And one

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<v Speaker 4>interesting point from Wiedom Blair analyst is that they the

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<v Speaker 4>results were better than investors' feares fear, hence the reaction

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<v Speaker 4>we're seeing, which is probably not the best thing you

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<v Speaker 4>want to hear from antalysts.

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<v Speaker 1>You know, I'm trying so hard to resist singing that

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<v Speaker 1>song from the nineties, singing.

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<v Speaker 3>Don't know, don't sing it. I know what you're talking about. No, no, please,

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<v Speaker 3>just you know, I don't want to see get in trouble.

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<v Speaker 3>Don't the rights to it, so.

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<v Speaker 1>Yeah, well, no one will know it's even remotely onto,

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<v Speaker 1>I try to say.

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<v Speaker 3>But Abercrombie has had so many different iterations.

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<v Speaker 1>Really fascinating to me.

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<v Speaker 3>I think out the nineteen nineties and the catalogs.

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<v Speaker 1>And so iconic in the bags, and there was controversy

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<v Speaker 1>and then it just kind of disappeared, but all of

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<v Speaker 1>a sudden it is back. I mean, I found myself

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<v Speaker 1>in the one on Fifth Avenue and it was packed

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<v Speaker 1>with a really wide range of shoppers. So there's clearly

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<v Speaker 1>appealing to still my generation and then the newer generation.

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<v Speaker 1>There are a lot of young people in there looking around.

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<v Speaker 3>Yeah, and even between what twenty twenty two going up

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<v Speaker 3>to twenty twenty four, the stock pushed higher in a

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<v Speaker 3>short time by over one thousand percent. It's down from

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<v Speaker 3>those all time highs back in twenty twenty four. But

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<v Speaker 3>you know, maybe this is a little bit of a recovery.

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<v Speaker 4>Yeah, for sure, I definitely found myself in one of

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<v Speaker 4>those periods where I became a big fan. But yeah,

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<v Speaker 4>so many changes. Another brand that's kind of seeing a

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<v Speaker 4>lot of reinteration, and there are like few different brands

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<v Speaker 4>that have gone through a lot of changes is the

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<v Speaker 4>Exporting Goods Shares actually a down today, very different reaction

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<v Speaker 4>to the retailer. It's a mixed for first quarter earnings report.

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<v Speaker 4>It's not necessarily super bad. The ticker is the KS.

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<v Speaker 4>The smoke is up thirteen percent year today. Despite the

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<v Speaker 4>tension we're seeing today, what only is saying is that

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<v Speaker 4>food locker turnaround appears to be progressing. We've been talking

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<v Speaker 4>about all those turnaround that one seems to be doing well.

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<v Speaker 4>Both Dicks and Food Locer beat expectations. A lot of

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<v Speaker 4>optimism there. Jpie Morgan analysts are saying that both brands

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<v Speaker 4>are sewing strong sale performance and are pretty feeling pretty

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<v Speaker 4>good about this. Dick's legacy business is strong momentum heading

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<v Speaker 4>into the summer, and then of course we have school season,

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<v Speaker 4>so in the next few quarters we're seeing pretty positive momentum.

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<v Speaker 4>One thing they're trying to expand, it's marketing tied to

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<v Speaker 4>World Cup events. So I don't know if you bought tickets.

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<v Speaker 4>I don't know if you're excited.

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<v Speaker 3>Do you think I bought tickets the World Cup?

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<v Speaker 4>Did you sign up for the watery?

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<v Speaker 2>No?

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<v Speaker 3>I didn't sign up for the lottery. Is there still

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<v Speaker 3>time to sign.

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<v Speaker 1>Up for the lottery?

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<v Speaker 4>I think it's every morning.

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<v Speaker 3>It's okay, I'll sign up for the lottery for tomorrow.

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<v Speaker 3>But yeah, I was thinking about going to the World

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<v Speaker 3>Cup and then I heard about how expensive the tickets

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<v Speaker 3>wereund like, we've got a different soccer yea, yeah's go

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<v Speaker 3>to Europe up instead. Okay, what about a different retailer

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<v Speaker 3>that's out with earnings too?

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<v Speaker 1>Yeah?

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<v Speaker 4>All retailers say bath Body and Work shares are up

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<v Speaker 4>ten percent. The thick is BBWI. The company report the

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<v Speaker 4>first quarter reserts ahead of concessed consensus, ahead of what

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<v Speaker 4>Wall Street was expecting. Stock is actually down here today,

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<v Speaker 4>so this was much needed relief, but it's still not

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<v Speaker 4>enough to leave the company higher for the year. We

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<v Speaker 4>have some company news. They said their CFO, Eva Borato,

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<v Speaker 4>will step down from her role effective June twelfth. Along

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<v Speaker 4>with that, we actually saw some price cuts in the

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<v Speaker 4>days before we saw td cow and we saw ubs,

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<v Speaker 4>so sentiment has definitely definitely been mixed. Something interesting we're

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<v Speaker 4>seeing in that space the company has been expanding on

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<v Speaker 4>Amazon and is trying to get customers there. They say

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<v Speaker 4>about seven percent of their active in store assortment is

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<v Speaker 4>coming from Amazon, which is pretty interesting. And again, as

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<v Speaker 4>Abercombe and Fitch, they're trying to get to that younger consumer,

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<v Speaker 4>so they're.

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<v Speaker 3>Using Amazon as a portal they reach concerns.

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<v Speaker 4>Yes, they started not too long time ago.

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<v Speaker 1>That's interesting though, because you think of bath and body

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<v Speaker 1>works like you think of going in the store and

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<v Speaker 1>in spread yeah things and coming out smelling ridiculous. But

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<v Speaker 1>the process, I don't know how you choose those things

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<v Speaker 1>online that you just order and hope for the best, but.

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<v Speaker 4>Obviously easier put it all together on an Amazon and

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<v Speaker 4>just get one item, Isn't it?

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<v Speaker 2>The Stock Mover's Report from Bloomberg Radio. Check back with

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