Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Let's take a look at some stocks on the move today.
Speaker 3: Alexis Christophers, I'm going to start with Playboy having a
Speaker 3: really nice morning, up thirty percent. We've got Playboy beating
Speaker 3: on the top and bottom lines. Swung to a profit
Speaker 3: last quarter, and it broke it down for a few reasons.
Speaker 3: Why it bought this Australian luxury lingerie brand. It's called
Speaker 3: Honey Burdette. I was unfamiliar, but apparently it's doing well
Speaker 3: sales growth of nine percent in the fourth quarter. Also,
Speaker 3: the brand's loyalty program has now reached eighty thousand members.
Speaker 3: Since launching in the fall, it delivered revenue growth, also
Speaker 3: streamlining its balance sheet. Wall Street likes to hear that
Speaker 3: it's slashing its debt thanks to a partnership with Utch
Speaker 3: TG Brands. It's going to use that partnership to pay
Speaker 3: down about fifty two million dollars in debt, and it's
Speaker 3: also going to license some of its Playboy items to
Speaker 3: this Chinese licensing business.
Speaker 1: PLB hy yep.
Speaker 4: P lb Y is the ticker something.
Speaker 1: That's gone from fifty to two. I guess it's up right.
Speaker 3: It's up thirteen percent today, down about six percent year
Speaker 3: to date.
Speaker 5: I used to bank this company back in the day.
Speaker 5: Shooting Christy Heffner was she was a yeah, she's They
Speaker 5: tried to reinvent this company. I'm gonna say thirty or
Speaker 5: forty in the last thirty forty years.
Speaker 4: It's unbelievable. There's that brand value, right, and they.
Speaker 5: Just kind of figure out a way they can't monetize it.
Speaker 4: It's not a lot of trying. They're trying and looking
Speaker 4: at revenue growth.
Speaker 1: Why, Paul, seriously, why are they public?
Speaker 4: That's a great question. It is a great for a
Speaker 4: long time.
Speaker 5: So yeah, we had a senior loan out to Deminos
Speaker 5: every quarter was sweating it together.
Speaker 4: Engineer. Yeah, yeah, maybe they're listening. Maybe they'll find.
Speaker 1: It on the an R on the cell size screen.
Speaker 1: Thank you. James Heeni at Jeffries and George Kelly at
Speaker 1: Roth Capital Markets. Three people follow them total. It's just brutal.
Speaker 4: Next Lulu Lemon, something more well dressed than.
Speaker 3: Part Actually I don't because I'm talking about Lulu Lemon,
Speaker 3: famous for their sea through pants, which they didn't mean
Speaker 3: to be see through. Yeah, exactly. We like to theme
Speaker 3: art our stock movers whenever possible. So the stock's not
Speaker 3: doing much, up about six tens of a percent here
Speaker 3: pre market, but out with earnings after the bell, you're
Speaker 3: to date Lulu Lemon is down twenty three percent. Really,
Speaker 3: the results are going to take a backseat to the
Speaker 3: main issue, which is leadership. They want an update on
Speaker 3: their search for a new CEO. Elliott Investment Management has
Speaker 3: also built up a stake, so they've got activist investor
Speaker 3: Pressure founder Chip Wilson also fighting to replace the board.
Speaker 3: So the new CEO is gonna definitely have his his
Speaker 3: or her hands full here. They need to correct problems
Speaker 3: ranging from merchandise like those see through pants that fiasco,
Speaker 3: to pricing strategy in China. So we need to hear
Speaker 3: from Lululemon in terms of succession, and that's what we're
Speaker 3: going to be listening for after the bell.
Speaker 5: Lope to see. You know, investors that I respect zero
Speaker 5: point seventy two just bought a million shares last quarter,
Speaker 5: so they see something's going on.
Speaker 4: There's there's hope out there.
Speaker 3: Next all right, Uber up three percent, and you know,
Speaker 3: I look, it hasn't done much of anything in the
Speaker 3: past year, only up about two and a half percent.
Speaker 3: But the company's going to deepen its ties with Nvidia.
Speaker 3: It's going to launch a global fleet of autonomous cars
Speaker 3: that run entirely on in Vidia software. It's going to
Speaker 3: happen in the first half of next year. Initially they're
Speaker 3: going to launch her in La and San Francisco. They
Speaker 3: want to reach twenty eight cities by twenty twenty eight.
Speaker 3: And you know what, it's a competitor. Lift reached a
Speaker 3: similar deal with in Video. So really, I think the
Speaker 3: story here is Nvidia continues to you know, charge these robotaxis.
Speaker 5: I did take my first robotaxi in Santa Clara.
Speaker 4: How didn't you do what?
Speaker 5: It was awesome? No driver, and my my son made
Speaker 5: me do it, and my son made me do it.
Speaker 5: We did, but it was.
Speaker 1: Like smooth roads. It wasn't like fifty ninth Street. No.
Speaker 5: No, it's out in beautiful Santa Clair. And we went
Speaker 5: to uh, you know, Oka, to the in and.
Speaker 4: Out Burger in back.
Speaker 2: This stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street, and for the latest market
Speaker 2: moving headlines.
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