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: Let's take a look at some stocks on the move today.
Speaker 1: I'm Nathan Hager, joined by Bloomberg's a ber abu Omar.
Speaker 1: As we wind down earning season, We've got some results
Speaker 1: to talk about this morning from Bjay's Wholesale. What do
Speaker 1: we get a beer?
Speaker 3: Good morning, Good morning, Nathan. So look, let me just
Speaker 3: run you through some of the numbers. Earnings just hit.
Speaker 3: The stock is not doing much in the pre trade.
Speaker 3: Just cidy EPs came in at one point one dollars,
Speaker 3: that is versus one point one for you on you
Speaker 3: year on year. The estimate was around one dollar, so
Speaker 3: a slight beat. Their revenue was about five five point
Speaker 3: seven billion dollars, an increase of about ten percent on
Speaker 3: an annual basis, and the estimate was five point four
Speaker 3: so a beat there as well. So for next year
Speaker 3: they see kapis at around eight hundred million dollars. Kapix
Speaker 3: is a big theme this year in the SMP, and
Speaker 3: this is what they reported, reflecting a continued investment in
Speaker 3: new club openings, but also enhancements across distribution networks, including
Speaker 3: the Ambient distribution center. And then essentially what they see
Speaker 3: for twenty twenty seven is that comparable club sales excluding
Speaker 3: gasoline is going to rise two to three percent, and
Speaker 3: the estimate was just between that two point five percent.
Speaker 1: Okay, So we'll keep an eye on that stock as
Speaker 1: we wait for earnings from one of its competitors, Costco
Speaker 1: next week. In the meantime, another stock traded in the
Speaker 1: US is making some news out of China. What's going
Speaker 1: on with Tiger Brokers.
Speaker 3: Yeah, so, look, I mean the stock is falling massively
Speaker 3: in the pre trade, the ADRs thirty five percent down,
Speaker 3: and that is because the Chinese regulator, the CSRC, is
Speaker 3: planning to confiscate all illegal gains obtained by Tiger Brokers.
Speaker 3: That is a funding that came out today. No value
Speaker 3: was given to how much they are trying to confiscate,
Speaker 3: but essentially it is doing that to three brokerages that
Speaker 3: provided securities related services in China. So the stock is
Speaker 3: moving massively down on that news. It declined as much
Speaker 3: as forty seven percent in the pre trade. In the
Speaker 3: pre market, trading. It paired some of those losses, but
Speaker 3: again the ADRs are falling thirty five percent, So obviously
Speaker 3: investors looking at this news. A hot headline flashed the
Speaker 3: Bloomberg terminal, and it's not just Tiger Brokers, it's also
Speaker 3: Futu and a long Bridge Nathan that are suffering because
Speaker 3: of this news this morning.
Speaker 1: Well, stock that's moving massively higher is Esday Lauder. What's
Speaker 1: going on with the beauty brand?
Speaker 3: Yeah, so this is a two sided story, right, it's
Speaker 3: Essay Lauder, but also Push. It was they were in
Speaker 3: talks for a merger. News came out this morning that
Speaker 3: that is no longer happening. So you have Push in
Speaker 3: Spain that is plunging on the collapse of those proposed
Speaker 3: combined or the proposed combination with Essay Lauder, that is
Speaker 3: moving about ten percent higher in Europe this morning. If
Speaker 3: they had merged, they would have created one of the
Speaker 3: world's largest fragrance and skincare companies, but those stocks had
Speaker 3: fallen essentially because of makeup artists Charlotte Tilbrie demanding more
Speaker 3: regarding her compensation in the deal. This is Bloomberg reported,
Speaker 3: citing some sources, both companies had separately issued statement earlier
Speaker 3: saying that discussions were over on Thursday, but neither of
Speaker 3: them elaborated on the reason. But again, as I mentioned,
Speaker 3: our sources tellers these were due to Charlotte Tilbree's demands
Speaker 3: regarding her payout.
Speaker 2: The stock Movers report from Bloomberg Radio. Check back with
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