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. Let's take a.
Speaker 2: Look at some stocks on the move today.
Speaker 1: I'm Tim Keene with Bol Sweeny and Bloomberg's Alexis Christopher's.
Speaker 3: I'm going to start with the ticker symbol WOOLF. Wol
Speaker 3: What am I nice? You know?
Speaker 2: You know your stocks, You're not stock symbols.
Speaker 3: So Petco still in the middle of a turnaround here,
Speaker 3: and it's latest earnings report sort of underscores that. So
Speaker 3: shares a Petco down about fourteen percent of the in
Speaker 3: the pre market. Company second quarter forecast fell below consensus estimates.
Speaker 3: This is outweighing a better than expected first quarter, which
Speaker 3: actually included a return to positive revenue growth for the
Speaker 3: first time in about two years. So this is a
Speaker 3: pet health and wellness company. They don't just sell, you know,
Speaker 3: pet supplies. They said that there was a partial Tarer
Speaker 3: free fund they got last month. They said that's going
Speaker 3: to be offset in the second quarter by incremental tariffs
Speaker 3: and higher gas prices. Now the company does have this strategy,
Speaker 3: right now where they're trying to move away from cost
Speaker 3: cutting and towards growth initiatives. So they're restocking in store
Speaker 3: merchandise to feature more private labels, also premium fresh pet food,
Speaker 3: and they're expanding to build out in store veterinary services
Speaker 3: like grooming and training. And that really did help, you know,
Speaker 3: the situation in the last quarter. But again that forecast
Speaker 3: not living up to expectations, and Petco is down thirteen
Speaker 3: and a half percent. It was up eight and a
Speaker 3: half percent the year to date.
Speaker 2: They compete with Chewy, right, yes, they do. No one
Speaker 2: takes my money easier and checker than the Chewy.
Speaker 1: Yeah.
Speaker 2: I see the Chewy boxes in my building all the time.
Speaker 2: The way you click through, it's the fastest way to
Speaker 2: lose money. Oh geez, all right, well you got it.
Speaker 2: We pay for our pets. What can I still goes
Speaker 2: woof all.
Speaker 3: Cute five below This is the discount retailer where most
Speaker 3: items in the store are below five bucks.
Speaker 1: I get it.
Speaker 2: Well, the stock is down more than that.
Speaker 3: It is down ten percent right now, but it was
Speaker 3: up eighteen percent year to date, so stock is coming
Speaker 3: under some pressure here. It beat first quarter earnings expectations
Speaker 3: raised its full year profit guidance, but the CEO on
Speaker 3: the earnings call signaled caution about the consumer in the
Speaker 3: months ahead. Same store sales rose twenty three percent in
Speaker 3: the first quarter. That was better than expected comparable sales
Speaker 3: forecast growth of six to eight percent. Okay, all good,
Speaker 3: so far, right, But it left its comparable sales guidance
Speaker 3: for the second half of the year unchanged. Okay, that's
Speaker 3: what's worrying investors. The CEO's calling out higher gas prices,
Speaker 3: sticky inflation for consumer strength going forward. He worries about
Speaker 3: consumer sentiment, you know. He said, Look, this last quarter
Speaker 3: we had the higher tax refunds, people went out and
Speaker 3: spent them. That's not going to be happening here in
Speaker 3: the current quarter, So there's some concern. Look, Dollar Tree,
Speaker 3: Dollar General all posted strong quarterly results recently, you know,
Speaker 3: because even more affluent customers are looking for bargains in
Speaker 3: these stores.
Speaker 2: But they're all cautious about the consumer going forward.
Speaker 1: All right. P v H.
Speaker 2: We don't talk about this stock often.
Speaker 3: They own Tommy hillfigure and Calvin Klein stock is getting
Speaker 3: pummeled here down about twenty five percent cut its full
Speaker 3: year revenue outlook. Warning about the war in Iran denting
Speaker 3: sales in Europe, the Middle East and Africa. It's one
Speaker 3: of the few US listed companies to slash its guidance
Speaker 3: due to the Iran war. So Go figure the region
Speaker 3: made up forty seven percent of sales over the first
Speaker 3: quarter that you know EMEA region, and much more than
Speaker 3: it did for Ralph Lauren and Abercrombie and Fitch. So
Speaker 3: the guidance cut overshadowing a first quarter earnings beat at
Speaker 3: PVH now expects flat revenue growth for fiscal twenty twenty six,
Speaker 3: compared with a slight increase that it had forecast previously.
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