WEBVTT - Beyond Meat Misses Estimates; Tilray Brands Beats; RH Falls

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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 in the move today.

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<v Speaker 3>Here is Alexis Christoffers.

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<v Speaker 4>That it is, and I want to start with Restoration Hardware.

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<v Speaker 4>Actually they rebranded now they're AREH and that's also their

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<v Speaker 4>ticker symbol. So it's down twenty two percent this morning.

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<v Speaker 4>It had been down already forty percent over the past year.

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<v Speaker 4>Here's the story. This is the home furnishings company. It

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<v Speaker 4>said that revenue was negatively impacted by about thirty million

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<v Speaker 4>dollars due to tariffs. Revenue took another ten million dollar

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<v Speaker 4>hit due to adverse weather at the end of the quarter.

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<v Speaker 4>So for the current first quarter, RH now expects revenue

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<v Speaker 4>to fall between two and four percent. And I looked

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<v Speaker 4>at some of its competitors this morning, wayfair our house.

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<v Speaker 4>Both those stocks are actually rallying. So not sure if

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<v Speaker 4>this is uniquely an RH issue, but that stopped taking

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<v Speaker 4>a hit this morning.

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<v Speaker 1>Remember did the catalog stuff.

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<v Speaker 4>Catalog is huge, it's super thick.

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<v Speaker 1>They have good stuff, right, they do have good stuff.

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<v Speaker 4>It's pricey.

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<v Speaker 1>Yeah, yeah, it's pricey.

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<v Speaker 4>And you know I and honestly, I just recycle that

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<v Speaker 4>that catalog.

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<v Speaker 5>Okay, alrighty.

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<v Speaker 4>Nike calling out the war with Iran, saying that it

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<v Speaker 4>hurt sales. It's also offering a disappointing outlook, and the

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<v Speaker 4>stock's getting punished. Nike down eleven percent here in the

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<v Speaker 4>pre market. It was already down seventeen percent a year

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<v Speaker 4>to date. So the sportswear company expects revenue for the

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<v Speaker 4>fourth quarter to be down as much as four percent.

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<v Speaker 4>The company noting that it's turnaround efforts guess what, they're

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<v Speaker 4>taking longer.

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<v Speaker 1>Than originally planned.

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<v Speaker 4>It's also warning that inventory here's a good one. Inventory

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<v Speaker 4>in the current quarter will be elevated in Europe, the

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<v Speaker 4>Middle East, in Africa because of the war. So it's

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<v Speaker 4>the first big company to call out the war with

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<v Speaker 4>Iran hurting.

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<v Speaker 3>Real round trip fifty to one eighty back down to fifty.

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<v Speaker 1>I mean, is it just a fashion call?

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<v Speaker 5>No, what it is? And I'm going back to the

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<v Speaker 5>Bloomberg intelligence research. They were saying it's all about inventory,

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<v Speaker 5>managing their inventories, and they were and b I was

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<v Speaker 5>saying they were doing a good job. And I think

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<v Speaker 5>a lot of our analysts were pinning their by ratings

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<v Speaker 5>on fixing the inventory. Big big disappointment here this quarter, right.

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<v Speaker 4>Especially there in the Middle East. They said that was

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<v Speaker 4>a big hit to inventory. We're seeing at least three

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<v Speaker 4>downgrades Goldman b of A and JP Morgan.

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<v Speaker 1>Can you see me and Aaron Jordans, I can't sure?

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<v Speaker 4>Yeah, why not some red and black the Chuck Taylors,

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<v Speaker 4>Chuck Taylors.

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<v Speaker 3>Yeah, exactly. You know, you know, PF Flyers. Alexis is

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<v Speaker 3>just too young to know it.

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<v Speaker 1>PF Flyers. I like that we meet too young, all right.

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<v Speaker 4>Beyond Meat down six percent? You accompany me?

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<v Speaker 1>What is it that's still around?

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<v Speaker 3>David Wilson retired and I thought we were done with

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<v Speaker 3>SMER and Beyond me go.

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<v Speaker 4>Paul asks, is it's still around? Yes, it's still around,

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<v Speaker 4>but they they dropped the name Meat, so now it's

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<v Speaker 4>just Beyond Okay, they want to go beyond just the

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<v Speaker 4>fake meat. The company posted lower fourth quarter revenue, issuing

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<v Speaker 4>Q one revenue outlook trailing estimates.

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<v Speaker 1>Look.

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<v Speaker 4>The company went public six years ago. It is down

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<v Speaker 4>ninety five percent since then. Beyond is going to continue

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<v Speaker 4>making those plant based burgers and sausages. But now it's

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<v Speaker 4>shifting focus from fake meat to what it calls healthier

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<v Speaker 4>whole plant proteins like protein drinks and bars. So we'll

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<v Speaker 4>see if there's an appetite.

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<v Speaker 1>Sure that looks like a Michael Mobison hyperbolic chart.

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<v Speaker 5>Three hundred million market cap.

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<v Speaker 1>That's it wound fifty to seventy cents.

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<v Speaker 4>And once upon a time it was a super super

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<v Speaker 4>hot trade. All right, let's one more. I want to

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<v Speaker 4>get this in here, guys. Till ray. It's up about

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<v Speaker 4>five percent this morning. It posted a narrow er third

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<v Speaker 4>quarter loss, stronger cannabis sales lifting revenue, offsetting weakness in

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<v Speaker 4>its beverage business. And get this, it's craft beer brand

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<v Speaker 4>shock Top. You ever have shock Top?

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<v Speaker 1>Nope?

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<v Speaker 4>It introduced hot it's good, introduced high voltage. It's first

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<v Speaker 4>ever high alcohol by volume or ABV offering now nine

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<v Speaker 4>point six percent ABV in this high vaulted shock top.

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<v Speaker 4>And it's going to also have a real orange peel,

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<v Speaker 4>which is exciting.

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<v Speaker 1>This is the weed company that's green.

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<v Speaker 2>This stock movers report from Bloomberg Radio. Check back with

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