Kohl’s Says Shoppers Want More Value; Lindt Tumbles After Cutting Guidance; Beyond Meat Drops 'Meat' From Name
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Show Notes
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Kohl’s (KSS) reported worse-than-expected sales for last quarter, as the retailer continues to struggle to revive years of declining results.
Comparable sales fell 2.8% in the period during the Christmas shopping season, more than twice that decline of the average analyst estimate.
- Lindt & Spruengli (LISP SW) fell by the most in almost 20 years after the Swiss chocolatier lowered its full-year sales guidance, citing geopolitical turmoil. The company’s participation certificates tumbled by 11% in Swiss trading, the biggest intraday drop since 2006. The decline erased the gains for this year.
- Beyond Meat (BYND) is changing its brand to just Beyond. The El Segundo maker of plant-based proteins that look and taste like meat changed its website and social channels last week to reflect its new full name: Beyond the Plant Protein Co.
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