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The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data.
Let's take a look at some stocks on the move today. I'm Nathan Hager, joined by Bloomberg's a ber abu Omar. As we wind down earning season, We've got some results to talk about this morning from Bjay's Wholesale. What do we get a beer?
Good morning, Good morning, Nathan. So look, let me just run you through some of the numbers. Earnings just hit. The stock is not doing much in the pre trade. Just cidy EPs came in at one point one dollars, that is versus one point one for you on you year on year. The estimate was around one dollar, so a slight beat. Their revenue was about five five point seven billion dollars, an increase of about ten percent on an annual basis, and the estimate was five point four
so a beat there as well. So for next year they see kapis at around eight hundred million dollars. Kapix is a big theme this year in the SMP, and this is what they reported, reflecting a continued investment in new club openings, but also enhancements across distribution networks, including
the Ambient distribution center. And then essentially what they see for twenty twenty seven is that comparable club sales excluding gasoline is going to rise two to three percent, and the estimate was just between that two point five percent.
Okay, So we'll keep an eye on that stock as we wait for earnings from one of its competitors, Costco next week. In the meantime, another stock traded in the US is making some news out of China. What's going on with Tiger Brokers.
Yeah, so, look, I mean the stock is falling massively in the pre trade, the ADRs thirty five percent down, and that is because the Chinese regulator, the CSRC, is planning to confiscate all illegal gains obtained by Tiger Brokers. That is a funding that came out today. No value was given to how much they are trying to confiscate, but essentially it is doing that to three brokerages that provided securities related services in China. So the stock is
moving massively down on that news. It declined as much as forty seven percent in the pre trade. In the pre market, trading. It paired some of those losses, but again the ADRs are falling thirty five percent, So obviously investors looking at this news. A hot headline flashed the Bloomberg terminal, and it's not just Tiger Brokers, it's also Futu and a long Bridge Nathan that are suffering because of this news this morning.
Well, stock that's moving massively higher is Esday Lauder. What's going on with the beauty brand?
Yeah, so this is a two sided story, right, it's Essay Lauder, but also Push. It was they were in talks for a merger. News came out this morning that that is no longer happening. So you have Push in Spain that is plunging on the collapse of those proposed combined or the proposed combination with Essay Lauder, that is
moving about ten percent higher in Europe this morning. If they had merged, they would have created one of the world's largest fragrance and skincare companies, but those stocks had fallen essentially because of makeup artists Charlotte Tilbrie demanding more regarding her compensation in the deal. This is Bloomberg reported, citing some sources, both companies had separately issued statement earlier saying that discussions were over on Thursday, but neither of
them elaborated on the reason. But again, as I mentioned, our sources tellers these were due to Charlotte Tilbree's demands regarding her payout.
The stock Movers report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street and for the latest market moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg dot com, and on Applecarplay and Android Auto with the Bloomberg Business app.