WEBVTT - Playboy Beats Estimates; Lululemon’s CEO Search; Uber Up After Pact with Nvidia 

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

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

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

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<v Speaker 1>Let's take a look at some stocks on the move today.

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<v Speaker 3>Alexis Christophers, I'm going to start with Playboy having a

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<v Speaker 3>really nice morning, up thirty percent. We've got Playboy beating

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<v Speaker 3>on the top and bottom lines. Swung to a profit

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<v Speaker 3>last quarter, and it broke it down for a few reasons.

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<v Speaker 3>Why it bought this Australian luxury lingerie brand. It's called

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<v Speaker 3>Honey Burdette. I was unfamiliar, but apparently it's doing well

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<v Speaker 3>sales growth of nine percent in the fourth quarter. Also,

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<v Speaker 3>the brand's loyalty program has now reached eighty thousand members.

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<v Speaker 3>Since launching in the fall, it delivered revenue growth, also

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<v Speaker 3>streamlining its balance sheet. Wall Street likes to hear that

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<v Speaker 3>it's slashing its debt thanks to a partnership with Utch

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<v Speaker 3>TG Brands. It's going to use that partnership to pay

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<v Speaker 3>down about fifty two million dollars in debt, and it's

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<v Speaker 3>also going to license some of its Playboy items to

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<v Speaker 3>this Chinese licensing business.

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<v Speaker 1>PLB hy yep.

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<v Speaker 4>P lb Y is the ticker something.

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<v Speaker 1>That's gone from fifty to two. I guess it's up right.

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<v Speaker 3>It's up thirteen percent today, down about six percent year

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<v Speaker 3>to date.

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<v Speaker 5>I used to bank this company back in the day.

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<v Speaker 5>Shooting Christy Heffner was she was a yeah, she's They

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<v Speaker 5>tried to reinvent this company. I'm gonna say thirty or

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<v Speaker 5>forty in the last thirty forty years.

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<v Speaker 4>It's unbelievable. There's that brand value, right, and they.

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<v Speaker 5>Just kind of figure out a way they can't monetize it.

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<v Speaker 4>It's not a lot of trying. They're trying and looking

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<v Speaker 4>at revenue growth.

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<v Speaker 1>Why, Paul, seriously, why are they public?

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<v Speaker 4>That's a great question. It is a great for a

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<v Speaker 4>long time.

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<v Speaker 5>So yeah, we had a senior loan out to Deminos

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<v Speaker 5>every quarter was sweating it together.

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<v Speaker 4>Engineer. Yeah, yeah, maybe they're listening. Maybe they'll find.

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<v Speaker 1>It on the an R on the cell size screen.

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<v Speaker 1>Thank you. James Heeni at Jeffries and George Kelly at

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<v Speaker 1>Roth Capital Markets. Three people follow them total. It's just brutal.

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<v Speaker 4>Next Lulu Lemon, something more well dressed than.

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<v Speaker 3>Part Actually I don't because I'm talking about Lulu Lemon,

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<v Speaker 3>famous for their sea through pants, which they didn't mean

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<v Speaker 3>to be see through. Yeah, exactly. We like to theme

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<v Speaker 3>art our stock movers whenever possible. So the stock's not

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<v Speaker 3>doing much, up about six tens of a percent here

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<v Speaker 3>pre market, but out with earnings after the bell, you're

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<v Speaker 3>to date Lulu Lemon is down twenty three percent. Really,

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<v Speaker 3>the results are going to take a backseat to the

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<v Speaker 3>main issue, which is leadership. They want an update on

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<v Speaker 3>their search for a new CEO. Elliott Investment Management has

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<v Speaker 3>also built up a stake, so they've got activist investor

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<v Speaker 3>Pressure founder Chip Wilson also fighting to replace the board.

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<v Speaker 3>So the new CEO is gonna definitely have his his

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<v Speaker 3>or her hands full here. They need to correct problems

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<v Speaker 3>ranging from merchandise like those see through pants that fiasco,

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<v Speaker 3>to pricing strategy in China. So we need to hear

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<v Speaker 3>from Lululemon in terms of succession, and that's what we're

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<v Speaker 3>going to be listening for after the bell.

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<v Speaker 5>Lope to see. You know, investors that I respect zero

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<v Speaker 5>point seventy two just bought a million shares last quarter,

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<v Speaker 5>so they see something's going on.

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<v Speaker 4>There's there's hope out there.

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<v Speaker 3>Next all right, Uber up three percent, and you know,

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<v Speaker 3>I look, it hasn't done much of anything in the

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<v Speaker 3>past year, only up about two and a half percent.

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<v Speaker 3>But the company's going to deepen its ties with Nvidia.

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<v Speaker 3>It's going to launch a global fleet of autonomous cars

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<v Speaker 3>that run entirely on in Vidia software. It's going to

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<v Speaker 3>happen in the first half of next year. Initially they're

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<v Speaker 3>going to launch her in La and San Francisco. They

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<v Speaker 3>want to reach twenty eight cities by twenty twenty eight.

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<v Speaker 3>And you know what, it's a competitor. Lift reached a

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<v Speaker 3>similar deal with in Video. So really, I think the

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<v Speaker 3>story here is Nvidia continues to you know, charge these robotaxis.

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<v Speaker 5>I did take my first robotaxi in Santa Clara.

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<v Speaker 4>How didn't you do what?

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<v Speaker 5>It was awesome? No driver, and my my son made

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<v Speaker 5>me do it, and my son made me do it.

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<v Speaker 5>We did, but it was.

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<v Speaker 1>Like smooth roads. It wasn't like fifty ninth Street. No.

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<v Speaker 5>No, it's out in beautiful Santa Clair. And we went

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<v Speaker 5>to uh, you know, Oka, to the in and.

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<v Speaker 4>Out Burger in back.

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<v Speaker 2>This stock Movers report from Bloomberg Radio. Check back with

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