1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:16,640 --> 00:00:19,160 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:19,560 --> 00:00:24,520 Speaker 3: Here's Bloomberg's Lisa Matteo. She's finishing strong with Sweet Green. 6 00:00:24,600 --> 00:00:25,920 Speaker 3: It's a down component. 7 00:00:26,400 --> 00:00:30,680 Speaker 4: Let us start, let me go there, No, you know what, 8 00:00:30,760 --> 00:00:33,440 Speaker 4: Let's start with street grade. Yeah, it's not so great news. 9 00:00:33,479 --> 00:00:36,040 Speaker 4: And I know you love this place. Tom fifteen dollars. 10 00:00:36,040 --> 00:00:38,839 Speaker 1: Salad loves them. 11 00:00:38,800 --> 00:00:41,959 Speaker 4: Really, Okay, so it's ticker SG. Their shares have been 12 00:00:41,960 --> 00:00:44,760 Speaker 4: down as much as thirty percent. The stock has already 13 00:00:44,800 --> 00:00:47,000 Speaker 4: lost about sixty one percent of its value this year 14 00:00:47,040 --> 00:00:50,480 Speaker 4: through Thursday's close, so it's slashed as sales guidance miss 15 00:00:50,479 --> 00:00:54,200 Speaker 4: second quarter estimates. The big news, though, that really suck 16 00:00:54,240 --> 00:00:59,639 Speaker 4: out to me. It is discontinuing their avocado airfried tator treats. 17 00:01:00,160 --> 00:01:00,600 Speaker 1: Been on the. 18 00:01:00,600 --> 00:01:03,560 Speaker 4: Market, only been on the menu for five months, that's 19 00:01:03,600 --> 00:01:06,560 Speaker 4: as long as it lasted. Its CEO said that they 20 00:01:06,560 --> 00:01:08,800 Speaker 4: were popular, but they're just too much work, so you 21 00:01:08,800 --> 00:01:13,200 Speaker 4: can no longer get the right It's all a contrived gimmick. 22 00:01:13,959 --> 00:01:15,640 Speaker 1: Bigger portions. They need bigger portions. 23 00:01:16,000 --> 00:01:18,040 Speaker 3: I've heard that. I've heard it. But when the kids 24 00:01:18,040 --> 00:01:21,319 Speaker 3: are outside the door, make him the stuff just takes 25 00:01:21,400 --> 00:01:24,119 Speaker 3: two long. I've heard this from a lot of kids 26 00:01:24,480 --> 00:01:26,800 Speaker 3: like mine. Thanks too much, Ruch. 27 00:01:26,920 --> 00:01:30,080 Speaker 4: Okay, so let's go back to xpedia right, okay. Expe 28 00:01:30,280 --> 00:01:32,880 Speaker 4: shares have been higher as much as fifteen percent before 29 00:01:32,880 --> 00:01:36,200 Speaker 4: the open raise their full year sale target. Reported strong 30 00:01:36,240 --> 00:01:40,039 Speaker 4: second quarter bookings, improved demand from US customers, and that 31 00:01:40,160 --> 00:01:42,720 Speaker 4: really goes against other reports that consumers have become a 32 00:01:42,720 --> 00:01:46,880 Speaker 4: little bit more cautious when booking travel. The CEO, how 33 00:01:47,000 --> 00:01:49,760 Speaker 4: she described as this tale of two markets right outside 34 00:01:49,800 --> 00:01:52,080 Speaker 4: the US the market was healthy inside it was a 35 00:01:52,080 --> 00:01:55,040 Speaker 4: bit softer. But she's saying that demand from US consumers 36 00:01:55,080 --> 00:01:57,640 Speaker 4: improved through July, so there is a bright spot. The 37 00:01:57,720 --> 00:01:59,320 Speaker 4: only thing is that she said it's going to be 38 00:01:59,320 --> 00:02:01,800 Speaker 4: tough to predict how sustainable that is. You know how 39 00:02:01,800 --> 00:02:03,080 Speaker 4: long that can withstand. 40 00:02:03,320 --> 00:02:05,600 Speaker 3: Shout out to Barry Dillar, who's kept the single I 41 00:02:05,640 --> 00:02:08,360 Speaker 3: think a lot of people doubted it would continue, and yeah, 42 00:02:08,560 --> 00:02:11,120 Speaker 3: you know it's the return over ten years is not 43 00:02:11,200 --> 00:02:14,239 Speaker 3: all that great, but they've really popped it nicely since 44 00:02:14,240 --> 00:02:15,400 Speaker 3: twenty twenty three. 45 00:02:16,040 --> 00:02:20,480 Speaker 4: Next under Armour. This is the athletic where brand YOUAA 46 00:02:20,600 --> 00:02:22,760 Speaker 4: is a ticker. It's been taking a hit this morning, 47 00:02:22,800 --> 00:02:26,079 Speaker 4: down as much as nineteen percent worse and expected sales 48 00:02:26,120 --> 00:02:29,520 Speaker 4: and profit from the current quarter. A turnaround plan it 49 00:02:29,560 --> 00:02:31,840 Speaker 4: was starting to take hold. I mean they began this 50 00:02:31,919 --> 00:02:35,640 Speaker 4: restructuring last year. The reason why, Yeah, they're wenty to 51 00:02:35,720 --> 00:02:40,600 Speaker 4: tariffs on imports and more cautious consumers. They're spending so 52 00:02:40,760 --> 00:02:42,680 Speaker 4: revenue in their first quarter it was more than one 53 00:02:42,720 --> 00:02:45,040 Speaker 4: point one billion. That was in line with expectations, but 54 00:02:45,120 --> 00:02:48,000 Speaker 4: it also marked the ninth straight decline. So this has 55 00:02:48,040 --> 00:02:50,120 Speaker 4: been going on, and the CEO said, you know what, 56 00:02:50,160 --> 00:02:53,200 Speaker 4: We're going to focus on strengthening the brand, bring more 57 00:02:53,240 --> 00:02:53,840 Speaker 4: products and a. 58 00:02:53,840 --> 00:02:56,240 Speaker 3: Lot of baggage. This is Kevin Plank. I did a 59 00:02:56,280 --> 00:02:58,480 Speaker 3: thing with him once with Jeff Immel. Oh okay, and 60 00:02:58,520 --> 00:03:00,560 Speaker 3: it's been a struggle for Acade. 61 00:03:00,720 --> 00:03:00,960 Speaker 2: Yeah. 62 00:03:01,280 --> 00:03:03,200 Speaker 1: Under arm stock is a fraction of what it was 63 00:03:03,240 --> 00:03:04,960 Speaker 1: back in twenty one. I think it's like twenty five 64 00:03:05,000 --> 00:03:06,239 Speaker 1: percent market cap of where it was. 65 00:03:06,280 --> 00:03:08,520 Speaker 3: There really an under armored product at the sas hour. 66 00:03:08,880 --> 00:03:11,480 Speaker 1: I'm not an under Armored fan. I actually I'm not 67 00:03:11,520 --> 00:03:13,800 Speaker 1: a big fan of their golf gear. Yeah, no, I 68 00:03:13,800 --> 00:03:15,200 Speaker 1: mean I think Grayson you got you know you ever 69 00:03:15,240 --> 00:03:17,079 Speaker 1: heard of Grayson And we'll talk about this up line. 70 00:03:17,080 --> 00:03:18,800 Speaker 1: It's favorite golf brand. 71 00:03:19,120 --> 00:03:21,600 Speaker 3: This is the fourth time you ventured your new clubs, 72 00:03:21,639 --> 00:03:22,400 Speaker 3: your new irons. 73 00:03:22,760 --> 00:03:25,040 Speaker 1: So it's funny you mentioned that now that you only 74 00:03:25,040 --> 00:03:27,280 Speaker 1: want to go there. Scott is the name of the 75 00:03:27,400 --> 00:03:29,360 Speaker 1: brand of club that I got, not a callaway, not 76 00:03:29,440 --> 00:03:31,800 Speaker 1: a tailor made Scott, which I had never heard of before. 77 00:03:31,840 --> 00:03:34,359 Speaker 1: But these clubs a little bit more weight. Oh my god, 78 00:03:34,520 --> 00:03:42,320 Speaker 1: the scheft, Tom, it's pure puring at the ball going stop, you're. 79 00:03:42,240 --> 00:03:47,400 Speaker 4: Off the rails. Okay, I'm going to Pinterest you here 80 00:03:47,400 --> 00:03:53,360 Speaker 4: we go. So there's falling eleve percent. Uh social media app. Yeah, 81 00:03:53,360 --> 00:03:54,840 Speaker 4: maybe I'll see a picture of Dame in there, but 82 00:03:54,920 --> 00:03:57,400 Speaker 4: really it lets you search for images, save them to 83 00:03:57,440 --> 00:03:59,840 Speaker 4: digital pin board. So it's like people who are decorating 84 00:03:59,880 --> 00:04:03,560 Speaker 4: the like that they love this second quarter sales beat expectations. 85 00:04:03,560 --> 00:04:05,800 Speaker 4: But the thing was is at earnings for the second 86 00:04:05,880 --> 00:04:08,680 Speaker 4: quarter they were less than forecasts, and then user growth 87 00:04:09,040 --> 00:04:11,440 Speaker 4: in the US and Canada was flat. And Pinterest makes 88 00:04:11,440 --> 00:04:14,320 Speaker 4: the biggest chunk of their revenue from North America. So 89 00:04:14,360 --> 00:04:16,160 Speaker 4: if you go back to the good news better, they're 90 00:04:16,160 --> 00:04:20,000 Speaker 4: expected growth and design that their advertising business is expanding. 91 00:04:21,160 --> 00:04:25,200 Speaker 2: The Stock Movers Report from Bloomberg Radio. 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