1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg data. 4 00:00:16,600 --> 00:00:18,800 Speaker 2: Let's take a look at some stocks on the move today. 5 00:00:19,040 --> 00:00:20,960 Speaker 2: Here is Alexis Christophers. 6 00:00:21,120 --> 00:00:23,439 Speaker 3: We're going to do a little donuts and pizza because 7 00:00:23,440 --> 00:00:25,440 Speaker 3: I figure, how can it get wrong with that combo. 8 00:00:25,720 --> 00:00:29,440 Speaker 3: Let's start with krispy Kreme up twenty five percent today. 9 00:00:30,000 --> 00:00:33,559 Speaker 3: Krispy Kreme stock before today had lost roughly half its 10 00:00:33,640 --> 00:00:35,559 Speaker 3: value over the past year, so they sort of need this. 11 00:00:35,880 --> 00:00:38,640 Speaker 3: So krispy Kreme out with the earnings that said margins 12 00:00:38,680 --> 00:00:43,120 Speaker 3: improved during their fourth quarter due to operational improvements. The 13 00:00:43,159 --> 00:00:47,320 Speaker 3: company added about eleven hundred high traffic locations last year 14 00:00:47,360 --> 00:00:51,120 Speaker 3: and it got out of those underperforming stores. And get this, 15 00:00:51,280 --> 00:00:54,760 Speaker 3: AI is actually part of the story at Krispy Kreme, 16 00:00:55,280 --> 00:00:57,200 Speaker 3: you know, right, So they said, look, it's not a 17 00:00:57,240 --> 00:00:59,520 Speaker 3: major factor in their day to day production, but it 18 00:00:59,600 --> 00:01:02,960 Speaker 3: is being used in back office functions like demand planning 19 00:01:03,200 --> 00:01:07,280 Speaker 3: and route management. Interesting, now they're also trying to meet 20 00:01:07,280 --> 00:01:10,360 Speaker 3: the consumer where they're at. Krispy Kreme has introduced smaller 21 00:01:10,440 --> 00:01:13,880 Speaker 3: portion options, so they've got these byte sized mini donuts. 22 00:01:14,240 --> 00:01:16,960 Speaker 3: They plan to launch a line of many cake donuts 23 00:01:17,040 --> 00:01:19,920 Speaker 3: later this year. But you know what I noticed, just anecdotally, 24 00:01:20,000 --> 00:01:23,240 Speaker 3: is they really engage well with their younger audience. They're 25 00:01:23,240 --> 00:01:26,880 Speaker 3: on social media, They've got this loyalty program, and consumers 26 00:01:27,040 --> 00:01:30,480 Speaker 3: under thirty five represent more than half of the business 27 00:01:30,480 --> 00:01:31,319 Speaker 3: at Krispy Kreme. 28 00:01:31,640 --> 00:01:34,840 Speaker 2: Wow, I love that style. Yesterday I had that half 29 00:01:34,920 --> 00:01:37,200 Speaker 2: hour to kill before dinner. So now I'll just stop. 30 00:01:37,240 --> 00:01:38,840 Speaker 2: I'll go find a Starbucks and go get a cup 31 00:01:38,840 --> 00:01:41,679 Speaker 2: of coffee. Couldn't find one, and I walk a ten blocks, 32 00:01:41,680 --> 00:01:44,480 Speaker 2: but I saw like twenty Dunkin Donuts in that timeframe. 33 00:01:44,920 --> 00:01:46,840 Speaker 2: So you know what I did, I just went into 34 00:01:46,880 --> 00:01:53,680 Speaker 2: a bar. Absolutely good for you, all right? Pizza? No 35 00:01:53,920 --> 00:01:54,520 Speaker 2: Papa John. 36 00:01:54,640 --> 00:01:58,800 Speaker 3: Sorry, Papa John's all the food groups to I'm trying 37 00:01:58,840 --> 00:02:02,040 Speaker 3: all the healthy foot groups. So Papa John's a down 38 00:02:02,080 --> 00:02:05,200 Speaker 3: four percent here in the pre market year to date 39 00:02:05,280 --> 00:02:08,200 Speaker 3: off twelve percent. I checked it out, market cap of 40 00:02:08,240 --> 00:02:12,320 Speaker 3: one point one billion. Here, customers are cutting back their orders. 41 00:02:12,320 --> 00:02:15,440 Speaker 3: They saw a sales shrink more than expected at the 42 00:02:15,440 --> 00:02:18,840 Speaker 3: pizza Chain's outlook for the year also trailed estimates, and 43 00:02:18,880 --> 00:02:22,480 Speaker 3: that all important metrics same store sales down nearly five 44 00:02:22,560 --> 00:02:24,320 Speaker 3: and a half percent in the fourth quarter. And it 45 00:02:24,400 --> 00:02:29,280 Speaker 3: wasn't just the restaurant chain's own stores, also franchised locations. 46 00:02:29,800 --> 00:02:32,520 Speaker 3: So remember earlier this week we talked about Domino's Pizza. 47 00:02:33,240 --> 00:02:38,000 Speaker 3: Just the other day, very different story, gaining market share, 48 00:02:38,440 --> 00:02:42,520 Speaker 3: stronger same store sales. It's stuff crust pizza. I guess 49 00:02:42,520 --> 00:02:44,920 Speaker 3: there's something about it. I don't eat it, so I 50 00:02:44,919 --> 00:02:47,720 Speaker 3: wouldn't know. Okay, all right, and then let's do a 51 00:02:47,760 --> 00:02:50,840 Speaker 3: little tech because I think we're over food now. Newton 52 00:02:51,080 --> 00:02:54,480 Speaker 3: X up twelve percent. Advanced micro Devices is going to 53 00:02:54,480 --> 00:02:57,120 Speaker 3: buy one hundred and fifty million dollars in newton X stock. 54 00:02:57,360 --> 00:02:59,960 Speaker 3: It's part of a new partnership that also includes joint 55 00:03:00,080 --> 00:03:04,760 Speaker 3: engineering and sales efforts. So AMD has really been on 56 00:03:04,800 --> 00:03:07,440 Speaker 3: a tear this week. You know, it entered that big 57 00:03:07,480 --> 00:03:09,519 Speaker 3: deal with Meta. Meta is going to be buying a 58 00:03:09,560 --> 00:03:13,480 Speaker 3: lot of AI chips from AMD. So we've got AMD stock, 59 00:03:13,520 --> 00:03:15,760 Speaker 3: though is a little bit lower today, down about one percent, 60 00:03:16,240 --> 00:03:19,040 Speaker 3: But Newton next, yeah, on a tear, up twelve percent, 61 00:03:19,360 --> 00:03:21,800 Speaker 3: down about twenty six percent year to date, So this 62 00:03:21,880 --> 00:03:24,560 Speaker 3: is a really nice pop for investors in Newton next Today. 63 00:03:25,400 --> 00:03:29,400 Speaker 1: This Stock Movers Report from Bloomberg Radio. Check back with 64 00:03:29,480 --> 00:03:32,040 Speaker 1: us throughout the day for the latest roundup of companies 65 00:03:32,120 --> 00:03:35,240 Speaker 1: making news on Wall Street and for the latest market 66 00:03:35,280 --> 00:03:39,720 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 67 00:03:39,840 --> 00:03:43,320 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 68 00:03:43,400 --> 00:03:44,880 Speaker 1: the Bloomberg Business app.