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 look
Speaker 1: at some stocks on the move today. I'm Tim Keen
Speaker 1: with bol Sweeney and Bloomberg's Alexis christoffers.
Speaker 2: Thanks very much. Let us begin with under Armor. That
Speaker 2: stock is under pressure today, but it happened up about
Speaker 2: twenty two percent ahead of this news. It's forecast for
Speaker 2: sales and profit for this fiscal year, disappointing traders. The
Speaker 2: sporting goods maker also said that the war in the
Speaker 2: Middle East would add thirty five million dollars in costs
Speaker 2: this year. Annual revenue expected to decline it at under Armor,
Speaker 2: Wall Street was looking for a two percent gain, and
Speaker 2: adjusted earnings per share also missed estimates. So look, basically,
Speaker 2: at the end of the day, these numbers show the
Speaker 2: turnaround it under Armour still a work in progress. It's
Speaker 2: also dealing with the impact of tariffs. It also split
Speaker 2: from the basketball star Steph Curry, which was well, you
Speaker 2: going to say, is this is the key thing?
Speaker 1: Because I met this guy with the top of his peak.
Speaker 2: Yeah, celebrity. It's been a train wreck for a decade.
Speaker 1: Is under arm or cool?
Speaker 2: Is it cool?
Speaker 1: You know?
Speaker 2: And that's a question is it has it lost its
Speaker 2: mojo in a way or has it? Did it ever
Speaker 2: really have it?
Speaker 1: It's still competitive.
Speaker 2: I just think that that that business, that at leisure business,
Speaker 2: and you have to get the brand ambassaards.
Speaker 1: It's it's extraordinarily competitive.
Speaker 2: We were talking earlier about Adidas now tapping some stars
Speaker 2: Bad Bunny and Timothy Shallomade to better compete with Nike
Speaker 2: with the day is doing Adidas a little Adidas or
Speaker 2: bad Us? Next Wendy's. So Wendy's is skyrocketing today about
Speaker 2: twelve percent. There's a report in the Financial Times that
Speaker 2: says Nelson Pels's try On Fund Management looking for investor
Speaker 2: backing to take the burger chain operator private. So in
Speaker 2: recent weeks, Tryon has held talks with outside investors, including
Speaker 2: some in the Middle East, about financing a potential takeover
Speaker 2: of Wendy's. Last week, remember Wendy's reported week quarterly sales.
Speaker 2: Again it cited high beefault took cure of that. Yeah,
Speaker 2: and just a little history quick. Try On and Peltz
Speaker 2: currently owned sixteen percent of Wendy's, but they've been involved
Speaker 2: with the company since two thousand and five as activist investors.
Speaker 2: They have two board seats, one of which belongs to
Speaker 2: Nelson Peltz's son. Wendy's shares have fallen more than forty
Speaker 2: percent over the past year, and if you look at
Speaker 2: the last five years, which I did, they're down seventy
Speaker 2: one percent. Wow currently has a value of about five
Speaker 2: billion dollars. So we'll see there's no We don't know
Speaker 2: if this is going to happen or not, but maybe
Speaker 2: Wendy's goes private.
Speaker 1: I think Bryan Adams was on the charts, you know
Speaker 1: number one last time I was in a Wendy's.
Speaker 2: Really you got one more I do. The telehealth company
Speaker 2: Hymn's and Hers. It reported a first quarter loss and
Speaker 2: sales that missed estimates. The stock is down sixteen percent.
Speaker 2: Says it's facing higher costs associated with its pivot to
Speaker 2: brand weight loss medications. You remember it moved away from those
Speaker 2: copycat versions it was selling, and so big pharmer companies
Speaker 2: and regulators didn't like that.
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