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Cracker Barrel Gains, AMC Entertainment Soars, Sweetgreen Falls | Stock Movers

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Cracker Barrel Gains, AMC Entertainment Soars, Sweetgreen Falls | Stock Movers

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167 segments

0:00

[music]

0:02

>> Bloomberg Audio Studios. Podcasts,

0:05

radio, news.

0:08

>> The Stock Movers Report, your roundup of

0:11

companies making moves in the stock

0:13

market, harnessing the power of

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Bloomberg data.

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>> I'm Carol Massar [music] along with Tim

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Stenovec though. Let's get to some

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stocks on the move on this Monday.

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Joining us once again is Avalon

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Purrazzisi, Bloomberg News Equities

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Reporter. Um we had a little bit of news

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after the close today.

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>> We sure did. Cracker Barrel reported

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earnings, that's ticker CBRL. Currently

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up nearly 5%, 4.9% though earlier it

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rose as much as 10% and that's after the

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restaurant chain boosted its full year

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profit outlook. And worth mentioning

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that this company was kind of thrust

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into the spotlight earlier after

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changing its logo. It did change it back

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and now those shares are up more than

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110% this year though short interest is

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still up about 20% 27% sorry. So

0:59

What?

1:00

>> The old-timer.

1:01

>> I know. Bring it back.

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>> I can't believe we're talking about that

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still.

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>> Isn't that amazing?

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>> when when how many quarters do we have

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to go to not talk about that anymore?

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>> know.

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>> I mean if it's still driving the stock

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up.

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>> That's amazing.

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>> Exactly.

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>> Wow.

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>> Have you ever been to a Cracker Barrel?

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>> I have. They're very popular in Alabama.

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>> They are, right?

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>> I would recommend their biscuits.

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>> Their sherbets I You know, I recommend a

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biscuit anytime you can get one.

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Just going to say.

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Fish and shrimp, chicken and turkey,

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beef and pork.

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>> All right, what's next Avalon?

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>> AMC Entertainment, that's ticker AMC. It

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surged 27% into the close to notch its

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best day since 2024. And that's after

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the movie theater operator reported

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stronger than expected adjusted EBITDA

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for the second quarter. Citi also

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calling out that part of the beat was

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because of their greater than expected

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box office revenue and also better than

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expected food and drink sales which I

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found to be interesting since a lot of

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people like to talk about how expensive

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it is to buy snacks at the movie

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theater.

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>> It is expensive but you go to a movie, I

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want popcorn.

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I just do. Don't you?

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>> Yeah, I mean I've been in a movie in a

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decade, but

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>> I know.

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>> Yeah.

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>> Plus, they always have like the

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specialty like movie like popcorn boxes

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as well. Like I don't know if you saw

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the one for Odyssey with like the horse.

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>> Yeah.

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>> There's a horse in it? Well, it's like,

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you know, the Trojan horse. Like you

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open up the belly to get the popcorn.

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It's kind of interesting, you know?

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>> Adorable.

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>> Do you save it with the all the butter

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stains

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and bring it home?

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>> I mean, in theory you should. It's

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[laughter] It's expensive.

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>> What's the last movie you went to in a

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theater?

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>> Okay, this is crazy. It was the the one

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the documentary about Alex Honnold, the

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climber.

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>> Oh.

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>> And it was when my wife was pregnant

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with our first kid, and we were like,

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this is probably the last movie we're

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going to see in a theater for a long

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time.

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>> For a long time.

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>> Yeah, but now our our eldest is like old

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enough to take him to the movie theater.

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So, he we could go with him, but our

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youngest it's kind of like, you know,

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she wouldn't really sit through it.

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>> No, but maybe some of the cartoons and

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stuff. What's the last movie you went

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to?

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Ooh, probably the drama. So, that would

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have been like Easter weekend, right

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around. Yeah, yeah. Love Zendaya.

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>> [laughter]

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>> Who doesn't?

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>> Yeah, so my answer was during the first

3:00

Trump administration.

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>> Okay, a while ago.

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>> Yeah, Avalon's answer was, you know, in

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the last few months.

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>> the last movie I went to was Barbie with

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my daughter. We went down to the

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village. It was so good. It was really

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fun, and it was such a great crowd.

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Everybody was reactive, and but it was

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small and kind of cozy. So, it was

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really fun.

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>> Um Sweetgreen, when was the last time

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you went to Sweetgreen?

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>> Months ago. Yeah. My sisters are really

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big fan of Sweetgreen, though.

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>> What about this week and last week?

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>> Sweetgreen. Absolutely not.

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>> That might be the challenge that

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Sweetgreen is facing. This is your third

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and final stock. Take her SG.

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>> Yes, it declined about 6.1% into close,

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and that's as investors continue to try

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to parse how exactly this company will

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be impacted by the parasite outbreak

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that's linked to fresh produce like

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salads. City writing that this is

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actually a potentially a buying

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opportunity for long-term investors who

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will be able to shake off these concerns

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once we get further.

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>> Yeah, I mean, the concern I think temper

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Well, I think many people would argue

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temporary.

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>> Yeah.

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>> And it's just like spinach has They

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haven't been linked to any.

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>> Correct. And I feel like they initially

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the lettuce maker that they were looking

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at

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>> Taylor Farms.

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>> Correct. [music] Actually didn't pan out

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at least in some of the

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>> Yeah, they're still trying to figure it

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out.

4:09

>> This Stock [music] Movers Report from

4:11

Bloomberg Radio. Check back with us

4:13

throughout the day for the latest

4:14

roundup of companies [music] making news

4:16

on Wall Street. And for the latest

4:18

market-moving headlines,

4:20

>> [music]

4:20

>> listen to Bloomberg Radio live. Catch us

4:22

on YouTube, bloomberg.com, and on Apple

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[music] CarPlay and Android Auto with

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the Bloomberg Business App.

Interactive Summary

This episode of The Stock Movers Report highlights three major stocks: Cracker Barrel, which rose after a profit outlook boost; AMC Entertainment, which saw a significant surge following strong Q2 results; and Sweetgreen, which declined amid concerns over a foodborne illness outbreak.

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