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

[music] >> 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 Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies [music] making news on Wall Street. And for the latest market-moving headlines, >> [music] >> listen to Bloomberg Radio live. Catch us on YouTube, bloomberg.com, and on Apple [music] CarPlay and Android Auto with the Bloomberg Business App.