Cracker Barrel Gains, AMC Entertainment Soars, Sweetgreen Falls | Stock Movers
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>> Bloomberg Audio Studios. Podcasts,
radio, news.
>> The Stock Movers Report, your roundup of
companies making moves in the stock
market, harnessing the power of
Bloomberg data.
>> I'm Carol Massar [music] along with Tim
Stenovec though. Let's get to some
stocks on the move on this Monday.
Joining us once again is Avalon
Purrazzisi, Bloomberg News Equities
Reporter. Um we had a little bit of news
after the close today.
>> We sure did. Cracker Barrel reported
earnings, that's ticker CBRL. Currently
up nearly 5%, 4.9% though earlier it
rose as much as 10% and that's after the
restaurant chain boosted its full year
profit outlook. And worth mentioning
that this company was kind of thrust
into the spotlight earlier after
changing its logo. It did change it back
and now those shares are up more than
110% this year though short interest is
still up about 20% 27% sorry. So
What?
>> The old-timer.
>> I know. Bring it back.
>> I can't believe we're talking about that
still.
>> Isn't that amazing?
>> when when how many quarters do we have
to go to not talk about that anymore?
>> know.
>> I mean if it's still driving the stock
up.
>> That's amazing.
>> Exactly.
>> Wow.
>> Have you ever been to a Cracker Barrel?
>> I have. They're very popular in Alabama.
>> They are, right?
>> I would recommend their biscuits.
>> Their sherbets I You know, I recommend a
biscuit anytime you can get one.
Just going to say.
Fish and shrimp, chicken and turkey,
beef and pork.
>> All right, what's next Avalon?
>> AMC Entertainment, that's ticker AMC. It
surged 27% into the close to notch its
best day since 2024. And that's after
the movie theater operator reported
stronger than expected adjusted EBITDA
for the second quarter. Citi also
calling out that part of the beat was
because of their greater than expected
box office revenue and also better than
expected food and drink sales which I
found to be interesting since a lot of
people like to talk about how expensive
it is to buy snacks at the movie
theater.
>> It is expensive but you go to a movie, I
want popcorn.
I just do. Don't you?
>> Yeah, I mean I've been in a movie in a
decade, but
>> I know.
>> Yeah.
>> Plus, they always have like the
specialty like movie like popcorn boxes
as well. Like I don't know if you saw
the one for Odyssey with like the horse.
>> Yeah.
>> There's a horse in it? Well, it's like,
you know, the Trojan horse. Like you
open up the belly to get the popcorn.
It's kind of interesting, you know?
>> Adorable.
>> Do you save it with the all the butter
stains
and bring it home?
>> I mean, in theory you should. It's
[laughter] It's expensive.
>> What's the last movie you went to in a
theater?
>> Okay, this is crazy. It was the the one
the documentary about Alex Honnold, the
climber.
>> Oh.
>> And it was when my wife was pregnant
with our first kid, and we were like,
this is probably the last movie we're
going to see in a theater for a long
time.
>> For a long time.
>> Yeah, but now our our eldest is like old
enough to take him to the movie theater.
So, he we could go with him, but our
youngest it's kind of like, you know,
she wouldn't really sit through it.
>> No, but maybe some of the cartoons and
stuff. What's the last movie you went
to?
Ooh, probably the drama. So, that would
have been like Easter weekend, right
around. Yeah, yeah. Love Zendaya.
>> [laughter]
>> Who doesn't?
>> Yeah, so my answer was during the first
Trump administration.
>> Okay, a while ago.
>> Yeah, Avalon's answer was, you know, in
the last few months.
>> the last movie I went to was Barbie with
my daughter. We went down to the
village. It was so good. It was really
fun, and it was such a great crowd.
Everybody was reactive, and but it was
small and kind of cozy. So, it was
really fun.
>> Um Sweetgreen, when was the last time
you went to Sweetgreen?
>> Months ago. Yeah. My sisters are really
big fan of Sweetgreen, though.
>> What about this week and last week?
>> Sweetgreen. Absolutely not.
>> That might be the challenge that
Sweetgreen is facing. This is your third
and final stock. Take her SG.
>> Yes, it declined about 6.1% into close,
and that's as investors continue to try
to parse how exactly this company will
be impacted by the parasite outbreak
that's linked to fresh produce like
salads. City writing that this is
actually a potentially a buying
opportunity for long-term investors who
will be able to shake off these concerns
once we get further.
>> Yeah, I mean, the concern I think temper
Well, I think many people would argue
temporary.
>> Yeah.
>> And it's just like spinach has They
haven't been linked to any.
>> Correct. And I feel like they initially
the lettuce maker that they were looking
at
>> Taylor Farms.
>> Correct. [music] Actually didn't pan out
at least in some of the
>> Yeah, they're still trying to figure it
out.
>> This Stock [music] Movers Report from
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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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