Beyond Meat Misses Estimates; Tilray Brands Beats; RH Falls

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- RH shares plunge after the home furnishing company forecast revenue for the first quarter that missed the average analyst estimate. 

- Beyond Meat (BYND) forecast net revenue for the first quarter; the guidance missed the average analyst estimate.

- Tilray Brands (TLRY) reaffirmed its adjusted Ebitda guidance for the full year; the guidance beat the average analyst estimate.

See omnystudio.com/listener for privacy information.

Episode Transcript

Speaker 1 (00:02):
Bloomberg Audio Studios, podcasts, radio news.

Speaker 2 (00:08):
The Stock Movers Report, your roundup of companies making moves
in the stock market, harnessing the power of Bloomberg Data.

Speaker 3 (00:16):
Let's take a look at some stocks in the move today.
Here is Alexis Christoffers.

Speaker 4 (00:20):
That it is, and I want to start with Restoration Hardware.
Actually they rebranded now they're AREH and that's also their
ticker symbol. So it's down twenty two percent this morning.
It had been down already forty percent over the past year.
Here's the story. This is the home furnishings company. It
said that revenue was negatively impacted by about thirty million
dollars due to tariffs. Revenue took another ten million dollar

(00:43):
hit due to adverse weather at the end of the quarter.
So for the current first quarter, RH now expects revenue
to fall between two and four percent. And I looked
at some of its competitors this morning, wayfair our house.
Both those stocks are actually rallying. So not sure if
this is uniquely an RH issue, but that stopped taking
a hit this morning.

Speaker 1 (01:03):
Remember did the catalog stuff.

Speaker 4 (01:07):
Catalog is huge, it's super thick.

Speaker 1 (01:11):
They have good stuff, right, they do have good stuff.

Speaker 4 (01:14):
It's pricey.

Speaker 1 (01:15):
Yeah, yeah, it's pricey.

Speaker 4 (01:16):
And you know I and honestly, I just recycle that
that catalog.

Speaker 5 (01:21):
Okay, alrighty.

Speaker 4 (01:22):
Nike calling out the war with Iran, saying that it
hurt sales. It's also offering a disappointing outlook, and the
stock's getting punished. Nike down eleven percent here in the
pre market. It was already down seventeen percent a year
to date. So the sportswear company expects revenue for the
fourth quarter to be down as much as four percent.
The company noting that it's turnaround efforts guess what, they're

(01:45):
taking longer.

Speaker 1 (01:46):
Than originally planned.

Speaker 4 (01:48):
It's also warning that inventory here's a good one. Inventory
in the current quarter will be elevated in Europe, the
Middle East, in Africa because of the war. So it's
the first big company to call out the war with
Iran hurting.

Speaker 3 (01:59):
Real round trip fifty to one eighty back down to fifty.

Speaker 1 (02:04):
I mean, is it just a fashion call?

Speaker 5 (02:07):
No, what it is? And I'm going back to the
Bloomberg intelligence research. They were saying it's all about inventory,
managing their inventories, and they were and b I was
saying they were doing a good job. And I think
a lot of our analysts were pinning their by ratings
on fixing the inventory. Big big disappointment here this quarter, right.

Speaker 4 (02:24):
Especially there in the Middle East. They said that was
a big hit to inventory. We're seeing at least three
downgrades Goldman b of A and JP Morgan.

Speaker 1 (02:30):
Can you see me and Aaron Jordans, I can't sure?

Speaker 4 (02:33):
Yeah, why not some red and black the Chuck Taylors,
Chuck Taylors.

Speaker 3 (02:37):
Yeah, exactly. You know, you know, PF Flyers. Alexis is
just too young to know it.

Speaker 1 (02:42):
PF Flyers. I like that we meet too young, all right.

Speaker 4 (02:44):
Beyond Meat down six percent? You accompany me?

Speaker 1 (02:49):
What is it that's still around?

Speaker 3 (02:51):
David Wilson retired and I thought we were done with
SMER and Beyond me go.

Speaker 4 (02:56):
Paul asks, is it's still around? Yes, it's still around,
but they they dropped the name Meat, so now it's
just Beyond Okay, they want to go beyond just the
fake meat. The company posted lower fourth quarter revenue, issuing
Q one revenue outlook trailing estimates.

Speaker 1 (03:12):
Look.

Speaker 4 (03:12):
The company went public six years ago. It is down
ninety five percent since then. Beyond is going to continue
making those plant based burgers and sausages. But now it's
shifting focus from fake meat to what it calls healthier
whole plant proteins like protein drinks and bars. So we'll
see if there's an appetite.

Speaker 1 (03:29):
Sure that looks like a Michael Mobison hyperbolic chart.

Speaker 5 (03:33):
Three hundred million market cap.

Speaker 1 (03:34):
That's it wound fifty to seventy cents.

Speaker 4 (03:37):
And once upon a time it was a super super
hot trade. All right, let's one more. I want to
get this in here, guys. Till ray. It's up about
five percent this morning. It posted a narrow er third
quarter loss, stronger cannabis sales lifting revenue, offsetting weakness in
its beverage business. And get this, it's craft beer brand
shock Top. You ever have shock Top?

Speaker 1 (03:56):
Nope?

Speaker 4 (03:56):
It introduced hot it's good, introduced high voltage. It's first
ever high alcohol by volume or ABV offering now nine
point six percent ABV in this high vaulted shock top.
And it's going to also have a real orange peel,
which is exciting.

Speaker 1 (04:11):
This is the weed company that's green.

Speaker 2 (04:13):
This stock movers report from Bloomberg Radio. Check back with
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