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 1: I'm Carol Masser along with timstead of It. Let's get
Speaker 1: to you some stocks on the move. And joining us
Speaker 1: to do that is our own Isabelle Lee joining us
Speaker 1: in the house, and she is starting with the place
Speaker 1: that used to don't know if it still does had
Speaker 1: a massive menu.
Speaker 3: Yeah, you're right, maybe it still does, Cheesecake Factory, Ticker's Cake.
Speaker 3: When Scarlett saw all my stock options, she said, we're
Speaker 3: taking a trip to the mall.
Speaker 4: So okay, we will start first with the dessert. Kay,
Speaker 4: thanks for everyone. Yes, shares Our.
Speaker 3: Indo red six tens one percent after the restaurant chains
Speaker 3: comp sales during the fourth quarter came in below average estimates,
Speaker 3: so the results spurred a downgrade from Stevens to equal
Speaker 3: weight from overweight. The analyst there said that Same Star
Speaker 3: sales declined two point two into quarter and desalbrated sequentially,
Speaker 3: and with chairs already up some twenty seven percent year
Speaker 3: to date, he just doesn't see any upside from there
Speaker 3: unless there is a change in earnings growth year over year.
Speaker 3: At Jeffrey's they said, you know, softer same story sales
Speaker 3: in the fourth quarter given the challenging demand environment, whether
Speaker 3: impact governments shut down, et cetera. But I mean, I
Speaker 3: guess it's not that bad because Barclays raised their price
Speaker 3: target to fifty eight from fifty one dollars. So kind
Speaker 3: of mixed there.
Speaker 4: But you're right, maybe they do still have a big menu.
Speaker 1: Tellia put what'd you say?
Speaker 5: Two hundred and fifty items?
Speaker 1: I just I remember it used to be like a book.
Speaker 1: I used to go because it was kind of good
Speaker 1: for my little critter, who was, you know, picky and
Speaker 1: then sot as my dad was with us and could
Speaker 1: also be picky.
Speaker 5: Cheesecake.
Speaker 1: You know, you can get a sampler they used to
Speaker 1: be able to, and you get all these little ones
Speaker 1: and their cheesecake's great.
Speaker 5: This menu is huge, I know.
Speaker 1: And the course, well, the portions used to be gigantic too,
Speaker 1: so you could get two meals out of it.
Speaker 5: Okay, So when we're done at the cheesecake factory, maybe
Speaker 5: we'll do a little shopping. What's next at the mall walking.
Speaker 3: We will go to Walmart, which is ticker WMT. It's
Speaker 3: also in the red chair, sent down by six tens
Speaker 3: of one percent. So they issued a forecast for the
Speaker 3: full year earnings that missed expectations. So Walmart said they
Speaker 3: need flexibility during this unpredictable times for consumers. So this
Speaker 3: conservatism reflects just really the state of the Ywiss economy. Yes,
Speaker 3: it's expanding at the solid clip, but you see little
Speaker 3: employment growth. But it must be noted that Walmart typically
Speaker 3: starts out conservative at the beginning of the year, then
Speaker 3: they just adjust throughout. And they also sided a quote
Speaker 3: hiring recession and pressures on shoppers as they continue to
Speaker 3: forecast growth.
Speaker 1: That's tough, but what an interesting day. Like we've seen
Speaker 1: quite a swing because this one was up almost three
Speaker 1: percent out of ties today and it's now kind of
Speaker 1: hovering near its lows.
Speaker 3: Right, Yes, so I feel like, I mean, it is
Speaker 3: it's kind of a mixed bag. Maybe it's not like
Speaker 3: such a worse report, but it's kind of also a
Speaker 3: little gloomy. I mean, it is viewed as a mega
Speaker 3: buyback brought economy.
Speaker 1: Thirty billion dollars, a new thirty billion dollars share buyback plan.
Speaker 4: Yeah, I think they did you're right right boot at
Speaker 4: the beginning.
Speaker 1: No, no, that it's a great end. It's a team
Speaker 1: effort over here effort. I mean, listen, they did really well.
Speaker 1: And I feel like you talk to anybody in the
Speaker 1: retail space. We doct to Dana Telsey. It's in our
Speaker 1: weekend podcast and broadcast which you can catch over the weekend.
Speaker 1: Cheap teas there, but no, but she like people like
Speaker 1: they've been doing really well with their digital strategy and elsewhere.
Speaker 5: Right, yeah, look, you do a cheap tease. I do
Speaker 5: a cheap tease. Okay. Kate Oliver of Wayfair, she just
Speaker 5: joined us on Bloomberg Business Week Daily. If you missed
Speaker 5: that interview, check it out in the podcast feed Wayfair Nice.
Speaker 5: You could find Wayfair stories at the mall. She talked
Speaker 5: about some of the physical stores that they're building, smaller
Speaker 5: ones in Columbus, bigger ones elsewhere.
Speaker 4: I do like a young millennial buy online.
Speaker 3: I furnished my apartment with Wayfair because it has every
Speaker 3: price point.
Speaker 5: That's what she says.
Speaker 3: You can go high and you can go low, and
Speaker 3: the ticker is cool. Just do w Anyway, So it's
Speaker 3: not a good day for them because I.
Speaker 1: Remember when it used to be like a really cool
Speaker 1: thing if you ticker was just one letter. Yes, it
Speaker 1: was a big dear liking for.
Speaker 4: Just w Can you imagine?
Speaker 3: And the stock is down fifteen percent, not such a
Speaker 3: good day, hitting a four month intra day low. So
Speaker 3: this comes after they said that they expect a mid
Speaker 3: single digit top line gross year over year for the
Speaker 3: first quarter. Jeffries considered this to be conservative, and they
Speaker 3: attributed to the colder weather to start the year. The
Speaker 3: company also started during the conference call that their first
Speaker 3: quarter gross margin will likely be at the low end
Speaker 3: of the thirty to thirty one percent guidance range.
Speaker 4: So I mean, I like this.
Speaker 3: William Lair said, it's a solid print with nothing major
Speaker 3: to complain about. But I guess, I mean, it just
Speaker 3: didn't meet a lot of the expectations. And that's just
Speaker 3: what this earning season and the past has been about.
Speaker 2: This stock mover's report from Bloomberg Radio. Check back with
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Speaker 5: Mm hmm