Target Falls, Cava Rises, Hasbro Slides

On this episode of Stock Movers:

- Target (TGT) shares fall as much as 6.5% premarket, erasing an earlier gain of about 3%, as executives warn that second-quarter comparisons are the “hardest” of the year. “Notably, in the quarter just ended, we faced the easiest prior year comparison of the year and will be facing the hardest comparison in Q2, a nearly two percentage point difference as we begin lapping last year’s launch of the Nintendo Switch two,” CFO James Lee said on the conference call.

- Cava Group (CAVA) shares rise. Cava Group Inc. raised its annual sales outlook after diners flocked to its restaurants in the first quarter, defying the crunch in consumer budgets. The Mediterranean chain expects same-store sales to rise as much as 6.5%, up from an earlier forecast of 5% growth at most.

- Hasbro (HAS) shares were down more than 7% on Wednesday morning after the company maintained a sales forecast for the year that was on the low end of what analysts expected.The toymaker, home to GI Joe action figures and Magic: The Gathering playing cards, reported that sales in the first quarter rose 13% to $1 billion. Revenue for the company’s games unit rose 26%, was flat in traditional toys and declined in its entertainment business.

See omnystudio.com/listener for privacy information.

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(2258)

Nvidia Gains, Intuit Sinks, Elf Beauty Climbs

Today's biggest winners and losers in the stock market, a look at the notable movers for the week:On this episode of Stock Movers:- Nvidia (NVDA) the world’s most valuable company, delivered a sales f...

20 Touko 2min

Closing Bell: TJX Soars, Constellation Energy Gains, Lowe's Falls

On this episode of Stock Movers: Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Grei...

20 Touko 4min

Nvidia Rises, Cava Group Gains, Lowe's Falls on Modest Sales Gain

On this episode of Stock Movers:- Nvidia (NVDA) the world’s most valuable company, will give a much-anticipated update on the state of the artificial intelligence economy when it reports first-quarter...

20 Touko 4min

Cava Group Rises, Lowe's Drops, TJX Gains After Hiking Sales Outlook

On this episode of Stock Movers:- Cava Group (CAVA) shares rise. Cava Group Inc. raised its annual sales outlook after diners flocked to its restaurants in the first quarter, defying the crunch in con...

20 Touko 2min

TJX Sales Growth; Hasbro and Toll Brothers Report

Today's biggest winners and losers in the stock market.On this episode of Stock Movers:- Toll Brothers (TOL) is rising after the builder reported second-quarter revenue that beat the average analyst e...

20 Touko 4min

Target Turnaround; Lowe's Dips; VF Corp Rises

Today's biggest winners and losers in the stock market.On this episode of Stock Movers:- Target (TGT) shares are higher after it posted its best comparable sales growth in four years, with comparable ...

20 Touko 4min

M&S Recovery, Tesco Cap, ASML Up

Today's biggest winners and losers in the stock market.On this episode of Stock Movers:- Marks & Spencer expects annual profit to exceed the level seen before the British fashion and food chain was kn...

20 Touko 4min