00:00Let us begin with Under Armour. That stock is under pressure today, but it had been up about 22%
00:07ahead of this news. It's forecast for sales and profit for this fiscal year, disappointing
00:13traders. The sporting goods maker also said that the war in the Middle East would add $35 million
00:19in costs this year. Annual revenue expected to decline at Under Armour. Wall Street was looking
00:27for a 2% gain and adjusted earnings per share also missed estimates. So look, basically at the end
00:33of the day, these numbers show us the turnaround at Under Armour, still a work in progress. It's
00:38also dealing with the impact of tariffs. It also split from the basketball star Steph Curry, which
00:43was- Well, I'm going to say, this is the key thing, because I met this guy with the top
00:48of his peak
00:49celebrity. It's been a train wreck for a decade. Is Under Armour cool?
00:54Is it cool? Is it cool? You know, and that's a question. Is it, has it lost its mojo in
00:59a way,
00:59or has it, did it ever really have it? It's so competitive. I just think that, that, that
01:03business, the athleisure business, and you have to get the brand ambassadors, it's just extraordinarily
01:07competitive. We were talking earlier about Adidas now tapping some stars. Bad Bunny and
01:11Timothee Chalamet had better compete with Nike with the World Cup. Bad Bunny is doing Adidas?
01:16A little Adidas for Bad Bunny. Next.
01:18Next. Wendy's. So Wendy's is skyrocketing today, about 12%. There's a report in the Financial
01:24Times that says Nelson Pels' Tryon Fund Management looking for investor backing to take the burger
01:30chain operator private. So in recent weeks, Tryon has held some talks with outside investors,
01:36including some in the Middle East, about financing a potential takeover of Wendy's. Last week,
01:41remember, Wendy's reported weak quarterly sales. Again, it cited high beef costs.
01:45I took care of that. Yeah. And just a little history quick. Tryon and Pels currently own 16%
01:51of Wendy's, but they've been involved with the company since 2005 as activist investors. They
01:56have two board seats, one of which belongs to Nelson Pels' son. Wendy's shares have fallen more than 40%
02:02over the past year. And if you look at the last five years, which I did, they're down 71%.
02:08Wow.
02:09Currently has a value of about $5 billion. So we'll see. Well, there's no, we don't know if this is
02:13going
02:13to happen or not, but maybe Wendy's goes private. I think Brian Adams was on the charts,
02:18you know, number one the last time I was in a Wendy's. Really? You got one more?
02:22I do. The telehealth company, Hims and Hers, it reported a first quarter loss and sales that
02:28missed estimates. The stock is down 16%. It says it's facing higher costs associated with its pivot
02:34to branded weight loss medications. Remember, it moved away from those copycat versions it was selling.
02:41And so big pharma companies and regulators didn't like that.
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