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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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Speaker 1: your roundup of companies making moves in the stock market,

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Speaker 1: harnessing the power of Bloomberg Data.

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Speaker 2: Let's take a look at some of the stocks on

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Speaker 2: the move today. Lis Mittel Pausweni. We are joined right

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Speaker 2: now by Natalia Klein Jevich. She's going to talk about

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Speaker 2: some of the stocks on the move. So I want

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Speaker 2: to start with, of course, Walmart. We've been talking about

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Speaker 2: it all morning exactly.

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Speaker 3: So Walmart's shares are done by four point three percent.

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Speaker 3: The ticker is WMT. Profit mistakes of expectations for the

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Speaker 3: first time in three years. However, it wasn't a huge mess.

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Speaker 3: Just at EPs was just six cents lower than what

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Speaker 3: analysts expected, and the main reason, the company said was

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Speaker 3: an increase in insurance claims, legal charges as well as

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Speaker 3: restructuring costs. However, CEO said that charges are expected to

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Speaker 3: moderate later this year. Meanwhile, by the way, Walmart also

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Speaker 3: raised full year sales guidance. Of course, everyone was looking

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Speaker 3: for any commentary about inflation and prices, and the management

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Speaker 3: said that the impact has been limited so far. Prices

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Speaker 3: arose about one percent in the US during the quarter

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Speaker 3: Cody Cody another like makeup and some beauty fragrance, yes,

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Speaker 3: perfume part extent. Oh yeah, exactly. I saw the ticker

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Speaker 3: for this stock is cot Y and the price the

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Speaker 3: shares dropped by twenty one percent. I'm checking the size

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Speaker 3: and scope for this. This is the biggest drop since

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Speaker 3: twenty twenty. So we saw that sales fell nine percent,

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Speaker 3: the most in four years. The company also said that

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Speaker 3: it expects to slow down in sales to continue, and

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Speaker 3: then in the current quarter, sales across existent business units,

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Speaker 3: it said that will fall between six and eight percent,

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Speaker 3: but consensus expectations were for about two point six percent declines.

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Speaker 3: That's a huge miss. Of course, CFO said that yes,

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Speaker 3: retailers are more focused on inventories right now, consumers are

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Speaker 3: cutting costs on discretionary items. Bloomberg Intelligence analysts are saying

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Speaker 3: that return to sales and profit growth at Cody is

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Speaker 3: delayed until fiscal second half of twenty twenty six. And

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Speaker 3: I have to point out one takeaway. We saw that

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Speaker 3: sales for high end fragrances that include Gucci or Barbary,

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Speaker 3: they were higher, So just another evidence that low income

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Speaker 3: consumer are spending less but high income consumer are still

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Speaker 3: kind of shopping.

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Speaker 2: Got to get you Gucci? Okay, Core with the last.

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Speaker 3: One Alaston, Yeah, so the tickeer for this one is

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Speaker 3: CEE or WV. Shares are up by two percent. This

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Speaker 3: came after two analysts that are RETA Research and hc

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Speaker 3: wiyn Right upgraded the stock. They see selling pressure decreasing,

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Speaker 3: they see more opportunities for growth. One of those analysts

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Speaker 3: specifically cited contracts from open Ai and Google, which could

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Speaker 3: present more opportunities for growth. But keep in mind that

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Speaker 3: last time when the company reported earnings on August twelve,

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Speaker 3: the stock was under pressure because many analysts were concerned

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Speaker 3: about widening loss and disappointing earnings outlook. And there are

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Speaker 3: also many concerns about potential margin pressure for this company

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Speaker 3: as it has to spend much more in order to

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Speaker 3: meet demand from big Jai spenders.

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Speaker 1: The Stock Mover's report from Bloomberg Radio. Check back with

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Speaker 1: us throughout the day for the latest roundup of companies

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