Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg data.
Speaker 2: Let's take a look at some stocks on the move today.
Speaker 2: Here is Alexis Christophers.
Speaker 3: We're going to do a little donuts and pizza because
Speaker 3: I figure, how can it get wrong with that combo.
Speaker 3: Let's start with krispy Kreme up twenty five percent today.
Speaker 3: Krispy Kreme stock before today had lost roughly half its
Speaker 3: value over the past year, so they sort of need this.
Speaker 3: So krispy Kreme out with the earnings that said margins
Speaker 3: improved during their fourth quarter due to operational improvements. The
Speaker 3: company added about eleven hundred high traffic locations last year
Speaker 3: and it got out of those underperforming stores. And get this,
Speaker 3: AI is actually part of the story at Krispy Kreme,
Speaker 3: you know, right, So they said, look, it's not a
Speaker 3: major factor in their day to day production, but it
Speaker 3: is being used in back office functions like demand planning
Speaker 3: and route management. Interesting, now they're also trying to meet
Speaker 3: the consumer where they're at. Krispy Kreme has introduced smaller
Speaker 3: portion options, so they've got these byte sized mini donuts.
Speaker 3: They plan to launch a line of many cake donuts
Speaker 3: later this year. But you know what I noticed, just anecdotally,
Speaker 3: is they really engage well with their younger audience. They're
Speaker 3: on social media, They've got this loyalty program, and consumers
Speaker 3: under thirty five represent more than half of the business
Speaker 3: at Krispy Kreme.
Speaker 2: Wow, I love that style. Yesterday I had that half
Speaker 2: hour to kill before dinner. So now I'll just stop.
Speaker 2: I'll go find a Starbucks and go get a cup
Speaker 2: of coffee. Couldn't find one, and I walk a ten blocks,
Speaker 2: but I saw like twenty Dunkin Donuts in that timeframe.
Speaker 2: So you know what I did, I just went into
Speaker 2: a bar. Absolutely good for you, all right? Pizza? No
Speaker 2: Papa John.
Speaker 3: Sorry, Papa John's all the food groups to I'm trying
Speaker 3: all the healthy foot groups. So Papa John's a down
Speaker 3: four percent here in the pre market year to date
Speaker 3: off twelve percent. I checked it out, market cap of
Speaker 3: one point one billion. Here, customers are cutting back their orders.
Speaker 3: They saw a sales shrink more than expected at the
Speaker 3: pizza Chain's outlook for the year also trailed estimates, and
Speaker 3: that all important metrics same store sales down nearly five
Speaker 3: and a half percent in the fourth quarter. And it
Speaker 3: wasn't just the restaurant chain's own stores, also franchised locations.
Speaker 3: So remember earlier this week we talked about Domino's Pizza.
Speaker 3: Just the other day, very different story, gaining market share,
Speaker 3: stronger same store sales. It's stuff crust pizza. I guess
Speaker 3: there's something about it. I don't eat it, so I
Speaker 3: wouldn't know. Okay, all right, and then let's do a
Speaker 3: little tech because I think we're over food now. Newton
Speaker 3: X up twelve percent. Advanced micro Devices is going to
Speaker 3: buy one hundred and fifty million dollars in newton X stock.
Speaker 3: It's part of a new partnership that also includes joint
Speaker 3: engineering and sales efforts. So AMD has really been on
Speaker 3: a tear this week. You know, it entered that big
Speaker 3: deal with Meta. Meta is going to be buying a
Speaker 3: lot of AI chips from AMD. So we've got AMD stock,
Speaker 3: though is a little bit lower today, down about one percent,
Speaker 3: But Newton next, yeah, on a tear, up twelve percent,
Speaker 3: down about twenty six percent year to date, So this
Speaker 3: is a really nice pop for investors in Newton next Today.
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