1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers report, 2 00:00:10,240 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,440 --> 00:00:18,840 Speaker 2: I want to stick with the markets and spotlight some 5 00:00:19,239 --> 00:00:22,759 Speaker 2: stock movers today with Bloomberg's Tatiana Darie. So it looks 6 00:00:22,800 --> 00:00:26,040 Speaker 2: like Tatiana that investors have an appetite for Cracker Barrel 7 00:00:26,079 --> 00:00:28,240 Speaker 2: because this stock is up more than seven and a 8 00:00:28,240 --> 00:00:31,200 Speaker 2: half percent right now. I guess the old timer's coming back. 9 00:00:31,600 --> 00:00:35,040 Speaker 3: The old timer is indeed coming back. Shares of Cracker 10 00:00:35,080 --> 00:00:39,280 Speaker 3: Beller up nine percent, your ticker CBRL. After the company 11 00:00:39,280 --> 00:00:42,400 Speaker 3: decided to get rid of its new logo, does spark 12 00:00:42,440 --> 00:00:47,159 Speaker 3: controversy and prompted a slump, and it shares as a reminder, 13 00:00:47,200 --> 00:00:50,360 Speaker 3: they change that vintage logo by removing the image of 14 00:00:50,360 --> 00:00:53,680 Speaker 3: the old man leaning against the barrel and also updating 15 00:00:53,720 --> 00:00:57,240 Speaker 3: its writing fund something more modern. Well. Critics say that 16 00:00:57,320 --> 00:01:01,120 Speaker 3: the new design strips the chain of its history, and 17 00:01:01,240 --> 00:01:04,360 Speaker 3: even President Donald Trump got involved, saying the branch it 18 00:01:04,400 --> 00:01:06,920 Speaker 3: restored its old name, and even the White House Deputy 19 00:01:07,040 --> 00:01:09,919 Speaker 3: Chief of Staff spoke with the company. Well, those changes 20 00:01:09,959 --> 00:01:13,679 Speaker 3: are coming on the back of those conversations and since 21 00:01:14,319 --> 00:01:16,640 Speaker 3: that since they introduced the new logo. Shares were down 22 00:01:16,800 --> 00:01:20,319 Speaker 3: five percent of yesterday, but that has completely turned around 23 00:01:20,640 --> 00:01:26,000 Speaker 3: now they're positive since that August nineteen announcements. So I 24 00:01:26,000 --> 00:01:29,280 Speaker 3: guess there's no such thing as bad publicity or the 25 00:01:29,360 --> 00:01:32,800 Speaker 3: takeaway is that marketing really matters right for a lot 26 00:01:32,840 --> 00:01:33,600 Speaker 3: of Exactly. 27 00:01:33,360 --> 00:01:35,160 Speaker 2: Michael Halen, who covers the references, he's going to join 28 00:01:35,240 --> 00:01:36,280 Speaker 2: us in just a moment. We're going to break that 29 00:01:36,280 --> 00:01:37,760 Speaker 2: down with thing because I got a lot of questions 30 00:01:37,760 --> 00:01:38,680 Speaker 2: for him, all right. 31 00:01:38,840 --> 00:01:43,640 Speaker 3: Jams Smucker Jim Smucker down about four percent after earnings 32 00:01:43,640 --> 00:01:46,440 Speaker 3: the company's first quarter just a DPS and volume decline 33 00:01:46,480 --> 00:01:51,200 Speaker 3: more than expected. It looks like coffee, Dog Snacks, Sweet Sweet, 34 00:01:51,200 --> 00:01:54,560 Speaker 3: Big Goods where a soft spot and looks like Byside 35 00:01:54,560 --> 00:01:57,760 Speaker 3: Investors were anticipating a bid and raise. Well they got 36 00:01:57,800 --> 00:02:00,960 Speaker 3: that when it came to net salesforce cast. But the 37 00:02:01,080 --> 00:02:04,040 Speaker 3: full year adjust at EPs at the midpoint is below 38 00:02:04,120 --> 00:02:06,960 Speaker 3: consensus estimate, and it looks like a lot of worries 39 00:02:07,000 --> 00:02:10,600 Speaker 3: here for the company's center around coffee. Of course, those 40 00:02:10,639 --> 00:02:13,960 Speaker 3: prices have soared and the company guided lower for the 41 00:02:14,000 --> 00:02:17,120 Speaker 3: second quarter as it's trying to battle those costs. It 42 00:02:17,280 --> 00:02:20,960 Speaker 3: also raised this tariff estimate by about twenty five cents. 43 00:02:21,160 --> 00:02:25,600 Speaker 3: Presumably that's for Brazilian coffee, which supplies about a third 44 00:02:25,720 --> 00:02:29,440 Speaker 3: of America's unroasted beans. And as a reminder, this company 45 00:02:29,480 --> 00:02:32,360 Speaker 3: is home to many household brants like Folgers and the 46 00:02:32,440 --> 00:02:36,320 Speaker 3: licensed at home Dunkin Donuts. So a big coffee. 47 00:02:36,400 --> 00:02:39,840 Speaker 2: The Fisher in Orville, Ohio. Man, that is the center 48 00:02:39,919 --> 00:02:43,600 Speaker 2: of the country. It's near Columbus, very cool, all right, 49 00:02:43,600 --> 00:02:46,120 Speaker 2: before we let you go Tasiana. Abercrombie and Fitch raising 50 00:02:46,160 --> 00:02:47,240 Speaker 2: its annual sales. 51 00:02:46,960 --> 00:02:50,840 Speaker 3: Forecast Abercrombie and Fitch up about one point four percent. 52 00:02:50,880 --> 00:02:53,760 Speaker 3: Your tickers A and F well, f T say shares 53 00:02:53,800 --> 00:02:56,760 Speaker 3: have been very volatile pre market as investors digested this 54 00:02:57,000 --> 00:02:59,919 Speaker 3: numbers on. The good news was that the whole is 55 00:03:00,400 --> 00:03:03,720 Speaker 3: brand beat well. The bad news was that their namesake 56 00:03:03,760 --> 00:03:07,120 Speaker 3: Apra Crombie Banner missed on sales. Well. They still managed 57 00:03:07,160 --> 00:03:10,280 Speaker 3: to boost their annual guidance, but the midpoint of EPs 58 00:03:10,320 --> 00:03:14,480 Speaker 3: there slightly trailing street estimate. But it looks like investors 59 00:03:14,560 --> 00:03:17,079 Speaker 3: were able to shake that off and are instead choosing 60 00:03:17,120 --> 00:03:20,200 Speaker 3: to focus on the growth in Hollister, which caters to 61 00:03:20,760 --> 00:03:24,400 Speaker 3: younger folks, and that also reflected some strong back to 62 00:03:24,440 --> 00:03:26,399 Speaker 3: school demand, which is a big theme we'll be keeping 63 00:03:26,440 --> 00:03:31,000 Speaker 3: an eye on here as we worry about consumer health 64 00:03:31,040 --> 00:03:32,400 Speaker 3: in light of as. 65 00:03:32,600 --> 00:03:36,640 Speaker 1: The stock Movers report from Bloomberg Radio. Check back with 66 00:03:36,720 --> 00:03:39,280 Speaker 1: us throughout the day for the latest roundup of companies 67 00:03:39,360 --> 00:03:42,440 Speaker 1: making news on Wall Street and for the latest market 68 00:03:42,480 --> 00:03:46,960 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 69 00:03:47,040 --> 00:03:50,520 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 70 00:03:50,600 --> 00:03:52,080 Speaker 1: the Bloomberg Business app.