WEBVTT - Expedia Soars; Under Armour Plummets; Sweetgreen Pivot

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg data.

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<v Speaker 3>Let's take a look at some stocks on the move today.

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<v Speaker 3>Here's Bloomberg's Lisa Matteo. She's finishing strong with Sweet Green.

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<v Speaker 3>It's a down component.

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<v Speaker 4>Let us start, let me go there, No, you know what,

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<v Speaker 4>Let's start with street grade. Yeah, it's not so great news.

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<v Speaker 4>And I know you love this place. Tom fifteen dollars.

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<v Speaker 1>Salad loves them.

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<v Speaker 4>Really, Okay, so it's ticker SG. Their shares have been

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<v Speaker 4>down as much as thirty percent. The stock has already

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<v Speaker 4>lost about sixty one percent of its value this year

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<v Speaker 4>through Thursday's close, so it's slashed as sales guidance miss

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<v Speaker 4>second quarter estimates. The big news, though, that really suck

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<v Speaker 4>out to me. It is discontinuing their avocado airfried tator treats.

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<v Speaker 1>Been on the.

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<v Speaker 4>Market, only been on the menu for five months, that's

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<v Speaker 4>as long as it lasted. Its CEO said that they

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<v Speaker 4>were popular, but they're just too much work, so you

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<v Speaker 4>can no longer get the right It's all a contrived gimmick.

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<v Speaker 1>Bigger portions. They need bigger portions.

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<v Speaker 3>I've heard that. I've heard it. But when the kids

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<v Speaker 3>are outside the door, make him the stuff just takes

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<v Speaker 3>two long. I've heard this from a lot of kids

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<v Speaker 3>like mine. Thanks too much, Ruch.

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<v Speaker 4>Okay, so let's go back to xpedia right, okay. Expe

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<v Speaker 4>shares have been higher as much as fifteen percent before

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<v Speaker 4>the open raise their full year sale target. Reported strong

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<v Speaker 4>second quarter bookings, improved demand from US customers, and that

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<v Speaker 4>really goes against other reports that consumers have become a

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<v Speaker 4>little bit more cautious when booking travel. The CEO, how

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<v Speaker 4>she described as this tale of two markets right outside

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<v Speaker 4>the US the market was healthy inside it was a

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<v Speaker 4>bit softer. But she's saying that demand from US consumers

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<v Speaker 4>improved through July, so there is a bright spot. The

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<v Speaker 4>only thing is that she said it's going to be

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<v Speaker 4>tough to predict how sustainable that is. You know how

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<v Speaker 4>long that can withstand.

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<v Speaker 3>Shout out to Barry Dillar, who's kept the single I

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<v Speaker 3>think a lot of people doubted it would continue, and yeah,

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<v Speaker 3>you know it's the return over ten years is not

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<v Speaker 3>all that great, but they've really popped it nicely since

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<v Speaker 3>twenty twenty three.

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<v Speaker 4>Next under Armour. This is the athletic where brand YOUAA

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<v Speaker 4>is a ticker. It's been taking a hit this morning,

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<v Speaker 4>down as much as nineteen percent worse and expected sales

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<v Speaker 4>and profit from the current quarter. A turnaround plan it

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<v Speaker 4>was starting to take hold. I mean they began this

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<v Speaker 4>restructuring last year. The reason why, Yeah, they're wenty to

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<v Speaker 4>tariffs on imports and more cautious consumers. They're spending so

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<v Speaker 4>revenue in their first quarter it was more than one

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<v Speaker 4>point one billion. That was in line with expectations, but

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<v Speaker 4>it also marked the ninth straight decline. So this has

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<v Speaker 4>been going on, and the CEO said, you know what,

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<v Speaker 4>We're going to focus on strengthening the brand, bring more

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<v Speaker 4>products and a.

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<v Speaker 3>Lot of baggage. This is Kevin Plank. I did a

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<v Speaker 3>thing with him once with Jeff Immel. Oh okay, and

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<v Speaker 3>it's been a struggle for Acade.

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<v Speaker 2>Yeah.

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<v Speaker 1>Under arm stock is a fraction of what it was

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<v Speaker 1>back in twenty one. I think it's like twenty five

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<v Speaker 1>percent market cap of where it was.

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<v Speaker 3>There really an under armored product at the sas hour.

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<v Speaker 1>I'm not an under Armored fan. I actually I'm not

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<v Speaker 1>a big fan of their golf gear. Yeah, no, I

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<v Speaker 1>mean I think Grayson you got you know you ever

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<v Speaker 1>heard of Grayson And we'll talk about this up line.

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<v Speaker 1>It's favorite golf brand.

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<v Speaker 3>This is the fourth time you ventured your new clubs,

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<v Speaker 3>your new irons.

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<v Speaker 1>So it's funny you mentioned that now that you only

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<v Speaker 1>want to go there. Scott is the name of the

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<v Speaker 1>brand of club that I got, not a callaway, not

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<v Speaker 1>a tailor made Scott, which I had never heard of before.

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<v Speaker 1>But these clubs a little bit more weight. Oh my god,

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<v Speaker 1>the scheft, Tom, it's pure puring at the ball going stop, you're.

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<v Speaker 4>Off the rails. Okay, I'm going to Pinterest you here

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<v Speaker 4>we go. So there's falling eleve percent. Uh social media app. Yeah,

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<v Speaker 4>maybe I'll see a picture of Dame in there, but

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<v Speaker 4>really it lets you search for images, save them to

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<v Speaker 4>digital pin board. So it's like people who are decorating

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<v Speaker 4>the like that they love this second quarter sales beat expectations.

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<v Speaker 4>But the thing was is at earnings for the second

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<v Speaker 4>quarter they were less than forecasts, and then user growth

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<v Speaker 4>in the US and Canada was flat. And Pinterest makes

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<v Speaker 4>the biggest chunk of their revenue from North America. So

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<v Speaker 4>if you go back to the good news better, they're

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<v Speaker 4>expected growth and design that their advertising business is expanding.

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<v Speaker 2>The Stock Movers Report from Bloomberg Radio. Check back with

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