WEBVTT - Krispy Kreme Earnings; Papa John’s Shares Slide, Nutanix Soars

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg data.

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<v Speaker 2>Let's take a look at some stocks on the move today.

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<v Speaker 2>Here is Alexis Christophers.

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<v Speaker 3>We're going to do a little donuts and pizza because

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<v Speaker 3>I figure, how can it get wrong with that combo.

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<v Speaker 3>Let's start with krispy Kreme up twenty five percent today.

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<v Speaker 3>Krispy Kreme stock before today had lost roughly half its

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<v Speaker 3>value over the past year, so they sort of need this.

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<v Speaker 3>So krispy Kreme out with the earnings that said margins

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<v Speaker 3>improved during their fourth quarter due to operational improvements. The

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<v Speaker 3>company added about eleven hundred high traffic locations last year

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<v Speaker 3>and it got out of those underperforming stores. And get this,

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<v Speaker 3>AI is actually part of the story at Krispy Kreme,

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<v Speaker 3>you know, right, So they said, look, it's not a

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<v Speaker 3>major factor in their day to day production, but it

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<v Speaker 3>is being used in back office functions like demand planning

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<v Speaker 3>and route management. Interesting, now they're also trying to meet

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<v Speaker 3>the consumer where they're at. Krispy Kreme has introduced smaller

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<v Speaker 3>portion options, so they've got these byte sized mini donuts.

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<v Speaker 3>They plan to launch a line of many cake donuts

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<v Speaker 3>later this year. But you know what I noticed, just anecdotally,

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<v Speaker 3>is they really engage well with their younger audience. They're

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<v Speaker 3>on social media, They've got this loyalty program, and consumers

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<v Speaker 3>under thirty five represent more than half of the business

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<v Speaker 3>at Krispy Kreme.

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<v Speaker 2>Wow, I love that style. Yesterday I had that half

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<v Speaker 2>hour to kill before dinner. So now I'll just stop.

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<v Speaker 2>I'll go find a Starbucks and go get a cup

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<v Speaker 2>of coffee. Couldn't find one, and I walk a ten blocks,

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<v Speaker 2>but I saw like twenty Dunkin Donuts in that timeframe.

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<v Speaker 2>So you know what I did, I just went into

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<v Speaker 2>a bar. Absolutely good for you, all right? Pizza? No

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<v Speaker 2>Papa John.

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<v Speaker 3>Sorry, Papa John's all the food groups to I'm trying

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<v Speaker 3>all the healthy foot groups. So Papa John's a down

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<v Speaker 3>four percent here in the pre market year to date

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<v Speaker 3>off twelve percent. I checked it out, market cap of

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<v Speaker 3>one point one billion. Here, customers are cutting back their orders.

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<v Speaker 3>They saw a sales shrink more than expected at the

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<v Speaker 3>pizza Chain's outlook for the year also trailed estimates, and

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<v Speaker 3>that all important metrics same store sales down nearly five

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<v Speaker 3>and a half percent in the fourth quarter. And it

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<v Speaker 3>wasn't just the restaurant chain's own stores, also franchised locations.

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<v Speaker 3>So remember earlier this week we talked about Domino's Pizza.

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<v Speaker 3>Just the other day, very different story, gaining market share,

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<v Speaker 3>stronger same store sales. It's stuff crust pizza. I guess

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<v Speaker 3>there's something about it. I don't eat it, so I

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<v Speaker 3>wouldn't know. Okay, all right, and then let's do a

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<v Speaker 3>little tech because I think we're over food now. Newton

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<v Speaker 3>X up twelve percent. Advanced micro Devices is going to

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<v Speaker 3>buy one hundred and fifty million dollars in newton X stock.

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<v Speaker 3>It's part of a new partnership that also includes joint

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<v Speaker 3>engineering and sales efforts. So AMD has really been on

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<v Speaker 3>a tear this week. You know, it entered that big

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<v Speaker 3>deal with Meta. Meta is going to be buying a

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<v Speaker 3>lot of AI chips from AMD. So we've got AMD stock,

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<v Speaker 3>though is a little bit lower today, down about one percent,

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<v Speaker 3>But Newton next, yeah, on a tear, up twelve percent,

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<v Speaker 3>down about twenty six percent year to date, So this

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<v Speaker 3>is a really nice pop for investors in Newton next Today.

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