WEBVTT - Under Armour Miss; Hims & Hers Down; Wendy's Bid

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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. Let's take a look

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<v Speaker 1>at some stocks on the move today. I'm Tim Keen

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<v Speaker 1>with bol Sweeney and Bloomberg's Alexis christoffers.

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<v Speaker 2>Thanks very much. Let us begin with under Armor. That

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<v Speaker 2>stock is under pressure today, but it happened up about

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<v Speaker 2>twenty two percent ahead of this news. It's forecast for

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<v Speaker 2>sales and profit for this fiscal year, disappointing traders. The

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<v Speaker 2>sporting goods maker also said that the war in the

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<v Speaker 2>Middle East would add thirty five million dollars in costs

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<v Speaker 2>this year. Annual revenue expected to decline it at under Armor,

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<v Speaker 2>Wall Street was looking for a two percent gain, and

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<v Speaker 2>adjusted earnings per share also missed estimates. So look, basically,

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<v Speaker 2>at the end of the day, these numbers show the

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<v Speaker 2>turnaround it under Armour still a work in progress. It's

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<v Speaker 2>also dealing with the impact of tariffs. It also split

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<v Speaker 2>from the basketball star Steph Curry, which was well, you

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<v Speaker 2>going to say, is this is the key thing?

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<v Speaker 1>Because I met this guy with the top of his peak.

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<v Speaker 2>Yeah, celebrity. It's been a train wreck for a decade.

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<v Speaker 1>Is under arm or cool?

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<v Speaker 2>Is it cool?

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<v Speaker 1>You know?

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<v Speaker 2>And that's a question is it has it lost its

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<v Speaker 2>mojo in a way or has it? Did it ever

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<v Speaker 2>really have it?

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<v Speaker 1>It's still competitive.

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<v Speaker 2>I just think that that that business, that at leisure business,

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<v Speaker 2>and you have to get the brand ambassaards.

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<v Speaker 1>It's it's extraordinarily competitive.

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<v Speaker 2>We were talking earlier about Adidas now tapping some stars

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<v Speaker 2>Bad Bunny and Timothy Shallomade to better compete with Nike

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<v Speaker 2>with the day is doing Adidas a little Adidas or

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<v Speaker 2>bad Us? Next Wendy's. So Wendy's is skyrocketing today about

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<v Speaker 2>twelve percent. There's a report in the Financial Times that

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<v Speaker 2>says Nelson Pels's try On Fund Management looking for investor

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<v Speaker 2>backing to take the burger chain operator private. So in

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<v Speaker 2>recent weeks, Tryon has held talks with outside investors, including

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<v Speaker 2>some in the Middle East, about financing a potential takeover

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<v Speaker 2>of Wendy's. Last week, remember Wendy's reported week quarterly sales.

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<v Speaker 2>Again it cited high beefault took cure of that. Yeah,

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<v Speaker 2>and just a little history quick. Try On and Peltz

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<v Speaker 2>currently owned sixteen percent of Wendy's, but they've been involved

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<v Speaker 2>with the company since two thousand and five as activist investors.

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<v Speaker 2>They have two board seats, one of which belongs to

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<v Speaker 2>Nelson Peltz's son. Wendy's shares have fallen more than forty

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<v Speaker 2>percent over the past year, and if you look at

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<v Speaker 2>the last five years, which I did, they're down seventy

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<v Speaker 2>one percent. Wow currently has a value of about five

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<v Speaker 2>billion dollars. So we'll see there's no We don't know

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<v Speaker 2>if this is going to happen or not, but maybe

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<v Speaker 2>Wendy's goes private.

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<v Speaker 1>I think Bryan Adams was on the charts, you know

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<v Speaker 1>number one last time I was in a Wendy's.

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<v Speaker 2>Really you got one more I do. The telehealth company

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<v Speaker 2>Hymn's and Hers. It reported a first quarter loss and

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<v Speaker 2>sales that missed estimates. The stock is down sixteen percent.

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<v Speaker 2>Says it's facing higher costs associated with its pivot to

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<v Speaker 2>brand weight loss medications. You remember it moved away from those

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<v Speaker 2>copycat versions it was selling, and so big pharmer companies

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<v Speaker 2>and regulators didn't like that.

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<v Speaker 1>The stock. Moover's report from Bloomberg Radio check back with

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<v Speaker 1>US throughout the day. For the latest roundup of companies

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