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 3: Let's take a look at some stocks on the move today.
Speaker 3: Here's Bloomberg's Lisa Matteo. She's finishing strong with Sweet Green.
Speaker 3: It's a down component.
Speaker 4: Let us start, let me go there, No, you know what,
Speaker 4: Let's start with street grade. Yeah, it's not so great news.
Speaker 4: And I know you love this place. Tom fifteen dollars.
Speaker 1: Salad loves them.
Speaker 4: Really, Okay, so it's ticker SG. Their shares have been
Speaker 4: down as much as thirty percent. The stock has already
Speaker 4: lost about sixty one percent of its value this year
Speaker 4: through Thursday's close, so it's slashed as sales guidance miss
Speaker 4: second quarter estimates. The big news, though, that really suck
Speaker 4: out to me. It is discontinuing their avocado airfried tator treats.
Speaker 1: Been on the.
Speaker 4: Market, only been on the menu for five months, that's
Speaker 4: as long as it lasted. Its CEO said that they
Speaker 4: were popular, but they're just too much work, so you
Speaker 4: can no longer get the right It's all a contrived gimmick.
Speaker 1: Bigger portions. They need bigger portions.
Speaker 3: I've heard that. I've heard it. But when the kids
Speaker 3: are outside the door, make him the stuff just takes
Speaker 3: two long. I've heard this from a lot of kids
Speaker 3: like mine. Thanks too much, Ruch.
Speaker 4: Okay, so let's go back to xpedia right, okay. Expe
Speaker 4: shares have been higher as much as fifteen percent before
Speaker 4: the open raise their full year sale target. Reported strong
Speaker 4: second quarter bookings, improved demand from US customers, and that
Speaker 4: really goes against other reports that consumers have become a
Speaker 4: little bit more cautious when booking travel. The CEO, how
Speaker 4: she described as this tale of two markets right outside
Speaker 4: the US the market was healthy inside it was a
Speaker 4: bit softer. But she's saying that demand from US consumers
Speaker 4: improved through July, so there is a bright spot. The
Speaker 4: only thing is that she said it's going to be
Speaker 4: tough to predict how sustainable that is. You know how
Speaker 4: long that can withstand.
Speaker 3: Shout out to Barry Dillar, who's kept the single I
Speaker 3: think a lot of people doubted it would continue, and yeah,
Speaker 3: you know it's the return over ten years is not
Speaker 3: all that great, but they've really popped it nicely since
Speaker 3: twenty twenty three.
Speaker 4: Next under Armour. This is the athletic where brand YOUAA
Speaker 4: is a ticker. It's been taking a hit this morning,
Speaker 4: down as much as nineteen percent worse and expected sales
Speaker 4: and profit from the current quarter. A turnaround plan it
Speaker 4: was starting to take hold. I mean they began this
Speaker 4: restructuring last year. The reason why, Yeah, they're wenty to
Speaker 4: tariffs on imports and more cautious consumers. They're spending so
Speaker 4: revenue in their first quarter it was more than one
Speaker 4: point one billion. That was in line with expectations, but
Speaker 4: it also marked the ninth straight decline. So this has
Speaker 4: been going on, and the CEO said, you know what,
Speaker 4: We're going to focus on strengthening the brand, bring more
Speaker 4: products and a.
Speaker 3: Lot of baggage. This is Kevin Plank. I did a
Speaker 3: thing with him once with Jeff Immel. Oh okay, and
Speaker 3: it's been a struggle for Acade.
Speaker 2: Yeah.
Speaker 1: Under arm stock is a fraction of what it was
Speaker 1: back in twenty one. I think it's like twenty five
Speaker 1: percent market cap of where it was.
Speaker 3: There really an under armored product at the sas hour.
Speaker 1: I'm not an under Armored fan. I actually I'm not
Speaker 1: a big fan of their golf gear. Yeah, no, I
Speaker 1: mean I think Grayson you got you know you ever
Speaker 1: heard of Grayson And we'll talk about this up line.
Speaker 1: It's favorite golf brand.
Speaker 3: This is the fourth time you ventured your new clubs,
Speaker 3: your new irons.
Speaker 1: So it's funny you mentioned that now that you only
Speaker 1: want to go there. Scott is the name of the
Speaker 1: brand of club that I got, not a callaway, not
Speaker 1: a tailor made Scott, which I had never heard of before.
Speaker 1: But these clubs a little bit more weight. Oh my god,
Speaker 1: the scheft, Tom, it's pure puring at the ball going stop, you're.
Speaker 4: Off the rails. Okay, I'm going to Pinterest you here
Speaker 4: we go. So there's falling eleve percent. Uh social media app. Yeah,
Speaker 4: maybe I'll see a picture of Dame in there, but
Speaker 4: really it lets you search for images, save them to
Speaker 4: digital pin board. So it's like people who are decorating
Speaker 4: the like that they love this second quarter sales beat expectations.
Speaker 4: But the thing was is at earnings for the second
Speaker 4: quarter they were less than forecasts, and then user growth
Speaker 4: in the US and Canada was flat. And Pinterest makes
Speaker 4: the biggest chunk of their revenue from North America. So
Speaker 4: if you go back to the good news better, they're
Speaker 4: expected growth and design that their advertising business is expanding.
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