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 in the move today.
Speaker 3: Here is Alexis Christoffers.
Speaker 4: That it is, and I want to start with Restoration Hardware.
Speaker 4: Actually they rebranded now they're AREH and that's also their
Speaker 4: ticker symbol. So it's down twenty two percent this morning.
Speaker 4: It had been down already forty percent over the past year.
Speaker 4: Here's the story. This is the home furnishings company. It
Speaker 4: said that revenue was negatively impacted by about thirty million
Speaker 4: dollars due to tariffs. Revenue took another ten million dollar
Speaker 4: hit due to adverse weather at the end of the quarter.
Speaker 4: So for the current first quarter, RH now expects revenue
Speaker 4: to fall between two and four percent. And I looked
Speaker 4: at some of its competitors this morning, wayfair our house.
Speaker 4: Both those stocks are actually rallying. So not sure if
Speaker 4: this is uniquely an RH issue, but that stopped taking
Speaker 4: a hit this morning.
Speaker 1: Remember did the catalog stuff.
Speaker 4: Catalog is huge, it's super thick.
Speaker 1: They have good stuff, right, they do have good stuff.
Speaker 4: It's pricey.
Speaker 1: Yeah, yeah, it's pricey.
Speaker 4: And you know I and honestly, I just recycle that
Speaker 4: that catalog.
Speaker 5: Okay, alrighty.
Speaker 4: Nike calling out the war with Iran, saying that it
Speaker 4: hurt sales. It's also offering a disappointing outlook, and the
Speaker 4: stock's getting punished. Nike down eleven percent here in the
Speaker 4: pre market. It was already down seventeen percent a year
Speaker 4: to date. So the sportswear company expects revenue for the
Speaker 4: fourth quarter to be down as much as four percent.
Speaker 4: The company noting that it's turnaround efforts guess what, they're
Speaker 4: taking longer.
Speaker 1: Than originally planned.
Speaker 4: It's also warning that inventory here's a good one. Inventory
Speaker 4: in the current quarter will be elevated in Europe, the
Speaker 4: Middle East, in Africa because of the war. So it's
Speaker 4: the first big company to call out the war with
Speaker 4: Iran hurting.
Speaker 3: Real round trip fifty to one eighty back down to fifty.
Speaker 1: I mean, is it just a fashion call?
Speaker 5: No, what it is? And I'm going back to the
Speaker 5: Bloomberg intelligence research. They were saying it's all about inventory,
Speaker 5: managing their inventories, and they were and b I was
Speaker 5: saying they were doing a good job. And I think
Speaker 5: a lot of our analysts were pinning their by ratings
Speaker 5: on fixing the inventory. Big big disappointment here this quarter, right.
Speaker 4: Especially there in the Middle East. They said that was
Speaker 4: a big hit to inventory. We're seeing at least three
Speaker 4: downgrades Goldman b of A and JP Morgan.
Speaker 1: Can you see me and Aaron Jordans, I can't sure?
Speaker 4: Yeah, why not some red and black the Chuck Taylors,
Speaker 4: Chuck Taylors.
Speaker 3: Yeah, exactly. You know, you know, PF Flyers. Alexis is
Speaker 3: just too young to know it.
Speaker 1: PF Flyers. I like that we meet too young, all right.
Speaker 4: Beyond Meat down six percent? You accompany me?
Speaker 1: What is it that's still around?
Speaker 3: David Wilson retired and I thought we were done with
Speaker 3: SMER and Beyond me go.
Speaker 4: Paul asks, is it's still around? Yes, it's still around,
Speaker 4: but they they dropped the name Meat, so now it's
Speaker 4: just Beyond Okay, they want to go beyond just the
Speaker 4: fake meat. The company posted lower fourth quarter revenue, issuing
Speaker 4: Q one revenue outlook trailing estimates.
Speaker 1: Look.
Speaker 4: The company went public six years ago. It is down
Speaker 4: ninety five percent since then. Beyond is going to continue
Speaker 4: making those plant based burgers and sausages. But now it's
Speaker 4: shifting focus from fake meat to what it calls healthier
Speaker 4: whole plant proteins like protein drinks and bars. So we'll
Speaker 4: see if there's an appetite.
Speaker 1: Sure that looks like a Michael Mobison hyperbolic chart.
Speaker 5: Three hundred million market cap.
Speaker 1: That's it wound fifty to seventy cents.
Speaker 4: And once upon a time it was a super super
Speaker 4: hot trade. All right, let's one more. I want to
Speaker 4: get this in here, guys. Till ray. It's up about
Speaker 4: five percent this morning. It posted a narrow er third
Speaker 4: quarter loss, stronger cannabis sales lifting revenue, offsetting weakness in
Speaker 4: its beverage business. And get this, it's craft beer brand
Speaker 4: shock Top. You ever have shock Top?
Speaker 1: Nope?
Speaker 4: It introduced hot it's good, introduced high voltage. It's first
Speaker 4: ever high alcohol by volume or ABV offering now nine
Speaker 4: point six percent ABV in this high vaulted shock top.
Speaker 4: And it's going to also have a real orange peel,
Speaker 4: which is exciting.
Speaker 1: This is the weed company that's green.
Speaker 2: This stock movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube,
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