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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: The Stock Movers report your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 1: I'm Carol Masser along with timstead of It. Let's get

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Speaker 1: to you some stocks on the move. And joining us

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Speaker 1: to do that is our own Isabelle Lee joining us

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Speaker 1: in the house, and she is starting with the place

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Speaker 1: that used to don't know if it still does had

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Speaker 1: a massive menu.

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Speaker 3: Yeah, you're right, maybe it still does, Cheesecake Factory, Ticker's Cake.

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Speaker 3: When Scarlett saw all my stock options, she said, we're

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Speaker 3: taking a trip to the mall.

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Speaker 4: So okay, we will start first with the dessert. Kay,

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Speaker 4: thanks for everyone. Yes, shares Our.

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Speaker 3: Indo red six tens one percent after the restaurant chains

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Speaker 3: comp sales during the fourth quarter came in below average estimates,

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Speaker 3: so the results spurred a downgrade from Stevens to equal

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Speaker 3: weight from overweight. The analyst there said that Same Star

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Speaker 3: sales declined two point two into quarter and desalbrated sequentially,

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Speaker 3: and with chairs already up some twenty seven percent year

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Speaker 3: to date, he just doesn't see any upside from there

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Speaker 3: unless there is a change in earnings growth year over year.

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Speaker 3: At Jeffrey's they said, you know, softer same story sales

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Speaker 3: in the fourth quarter given the challenging demand environment, whether

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Speaker 3: impact governments shut down, et cetera. But I mean, I

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Speaker 3: guess it's not that bad because Barclays raised their price

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Speaker 3: target to fifty eight from fifty one dollars. So kind

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Speaker 3: of mixed there.

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Speaker 4: But you're right, maybe they do still have a big menu.

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Speaker 1: Tellia put what'd you say?

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Speaker 5: Two hundred and fifty items?

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Speaker 1: I just I remember it used to be like a book.

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Speaker 1: I used to go because it was kind of good

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Speaker 1: for my little critter, who was, you know, picky and

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Speaker 1: then sot as my dad was with us and could

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Speaker 1: also be picky.

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Speaker 5: Cheesecake.

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Speaker 1: You know, you can get a sampler they used to

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Speaker 1: be able to, and you get all these little ones

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Speaker 1: and their cheesecake's great.

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Speaker 5: This menu is huge, I know.

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Speaker 1: And the course, well, the portions used to be gigantic too,

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Speaker 1: so you could get two meals out of it.

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Speaker 5: Okay, So when we're done at the cheesecake factory, maybe

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Speaker 5: we'll do a little shopping. What's next at the mall walking.

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Speaker 3: We will go to Walmart, which is ticker WMT. It's

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Speaker 3: also in the red chair, sent down by six tens

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Speaker 3: of one percent. So they issued a forecast for the

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Speaker 3: full year earnings that missed expectations. So Walmart said they

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Speaker 3: need flexibility during this unpredictable times for consumers. So this

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Speaker 3: conservatism reflects just really the state of the Ywiss economy. Yes,

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Speaker 3: it's expanding at the solid clip, but you see little

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Speaker 3: employment growth. But it must be noted that Walmart typically

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Speaker 3: starts out conservative at the beginning of the year, then

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Speaker 3: they just adjust throughout. And they also sided a quote

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Speaker 3: hiring recession and pressures on shoppers as they continue to

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Speaker 3: forecast growth.

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Speaker 1: That's tough, but what an interesting day. Like we've seen

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Speaker 1: quite a swing because this one was up almost three

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Speaker 1: percent out of ties today and it's now kind of

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Speaker 1: hovering near its lows.

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Speaker 3: Right, Yes, so I feel like, I mean, it is

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Speaker 3: it's kind of a mixed bag. Maybe it's not like

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Speaker 3: such a worse report, but it's kind of also a

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Speaker 3: little gloomy. I mean, it is viewed as a mega

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Speaker 3: buyback brought economy.

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Speaker 1: Thirty billion dollars, a new thirty billion dollars share buyback plan.

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Speaker 4: Yeah, I think they did you're right right boot at

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Speaker 4: the beginning.

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Speaker 1: No, no, that it's a great end. It's a team

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Speaker 1: effort over here effort. I mean, listen, they did really well.

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Speaker 1: And I feel like you talk to anybody in the

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Speaker 1: retail space. We doct to Dana Telsey. It's in our

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Speaker 1: weekend podcast and broadcast which you can catch over the weekend.

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Speaker 1: Cheap teas there, but no, but she like people like

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Speaker 1: they've been doing really well with their digital strategy and elsewhere.

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Speaker 5: Right, yeah, look, you do a cheap tease. I do

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Speaker 5: a cheap tease. Okay. Kate Oliver of Wayfair, she just

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Speaker 5: joined us on Bloomberg Business Week Daily. If you missed

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Speaker 5: that interview, check it out in the podcast feed Wayfair Nice.

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Speaker 5: You could find Wayfair stories at the mall. She talked

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Speaker 5: about some of the physical stores that they're building, smaller

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Speaker 5: ones in Columbus, bigger ones elsewhere.

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Speaker 4: I do like a young millennial buy online.

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Speaker 3: I furnished my apartment with Wayfair because it has every

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Speaker 3: price point.

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Speaker 5: That's what she says.

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Speaker 3: You can go high and you can go low, and

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Speaker 3: the ticker is cool. Just do w Anyway, So it's

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Speaker 3: not a good day for them because I.

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Speaker 1: Remember when it used to be like a really cool

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Speaker 1: thing if you ticker was just one letter. Yes, it

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Speaker 1: was a big dear liking for.

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Speaker 4: Just w Can you imagine?

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Speaker 3: And the stock is down fifteen percent, not such a

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Speaker 3: good day, hitting a four month intra day low. So

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Speaker 3: this comes after they said that they expect a mid

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Speaker 3: single digit top line gross year over year for the

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Speaker 3: first quarter. Jeffries considered this to be conservative, and they

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Speaker 3: attributed to the colder weather to start the year. The

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Speaker 3: company also started during the conference call that their first

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Speaker 3: quarter gross margin will likely be at the low end

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Speaker 3: of the thirty to thirty one percent guidance range.

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Speaker 4: So I mean, I like this.

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Speaker 3: William Lair said, it's a solid print with nothing major

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Speaker 3: to complain about. But I guess, I mean, it just

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Speaker 3: didn't meet a lot of the expectations. And that's just

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Speaker 3: what this earning season and the past has been about.

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Speaker 2: This stock mover's report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 5: Mm hmm