00:00I'm going to start with the ticker symbol WOOF, W-O-O-F.
00:04What am I? Nice. You know, you know your stocks, you're not stock symbols.
00:08Yes. So Petco is still in the middle of a turnaround here, and its latest earnings report
00:12sort of underscores that. So shares of Petco down about 14 percent in the in the pre-market
00:18company second quarter forecast fell below consensus estimates. This is outweighing a
00:23better than expected first quarter, which actually included a return to positive revenue growth for
00:29the first time in about two years. So this is a pet health and wellness company. They don't they
00:34don't just sell, you know, pet supplies. They said that there was a partial tariff refund they got
00:38last month. They said that's going to be offset in the second quarter by incremental tariffs and higher
00:44gas prices. Now, the company does have this strategy right now where they're trying to move away from
00:51cost cutting and towards growth initiatives. So they're restocking in-store merchandise to feature
00:56more private labels. Also premium fresh pet food. And they're expanding to build out in-store
01:02veterinary services like grooming and training. And that really did help, you know, the situation
01:09in the last quarter. But again, that forecast not living up to expectations and Petco is down 13 and a
01:14half percent. It was up eight and a half percent, though, year to date. They compete with Chewy,
01:19right? Yes, they do. Yeah. No one takes my money easier and quicker than the Chewy. Yeah,
01:26I see the Chewy boxes in my building all the time. The way you click through, it's the fastest way
01:32to
01:32lose money. Oh, geez. All right. We got it. We pay for our pets. That bill goes woof.
01:37Oh, cute. Five below. This is the discount retailer where most items in the store are below
01:44five bucks. Oh, OK. I get it. Well, the stock is down more than that. It is down 10 percent
01:48right
01:49now, but it was up 18 percent year to date. So the stock is coming under some pressure here.
01:55It beat first quarter earnings expectations, raised its full year profit guidance. But the CEO on the
02:00earnings call signaled caution about the consumer in the months ahead. Same store sales rose 23,
02:063 percent in the first quarter. That was better than expected. Comparable sales forecast growth of
02:12six to eight percent. OK, all good so far. Right. But it left its comparable sales guidance for the
02:17second half of the year unchanged. Oh, OK. That's what's worrying investors. The CEO is calling out
02:22higher gas prices, sticky inflation for consumer strength going forward. He worries about consumer
02:29sentiment. You know, he said, look, this last quarter we had the higher tax refunds. People went out and
02:33spent them. That's not going to be happening here in the current quarter. So there's some concern.
02:36Look, Dollar Tree, Dollar General all posted strong quarterly results recently,
02:41you know, because even more affluent customers are looking for bargains in these stores. But they're
02:45all cautious about the consumer going forward. OK. All right. PVH. We don't talk about this stock
02:51often. They own Tommy Hilfiger and Calvin Klein. Stock is getting pummeled here down about 25 percent.
02:58Cut its full year revenue outlook. Warning about the war in Iran, denting sales in Europe,
03:04the Middle East and Africa. It's one of the few U.S. listed companies to slash its guidance due to
03:10the
03:10Iran war. So go figure. The region made up 47 percent of sales over the first quarter that,
03:17you know, EMEA region and much more than it did for Ralph Lauren and Abercrombie and Fitch. So the
03:23guidance cut overshadowing a first quarter earnings beat at PVH now expects flat revenue growth for fiscal
03:30total of 2026 compared with a slight increase that it had forecast previously.
03:36Yeah, I'm looking at the PGEO function for PVH. And that's the biggest business, EMEA.
03:43Yes.
03:43Versus the Americas or APAC. Interesting.
03:45Yeah. Outsized exposure there. And so they're getting hit by the war in Iran.
03:49Stock movers. Thank you so much. It's a podcast.
03:51Stock movers. Thank you so much.
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