00:00 Speaker a
Now is the time for some of today’s fashion checks. We are watching Victoria’s Secret and Bumble. After logging in to me now, we have a Yahoo Finance senior reporter Ali Kanal. Ali, let’s set the stage “First Victoria’s Secret” here. By postponing your first quarter earnings, and this reflects the recent security incident. The company says the incident was detected on May 24, and as a precaution was closed on May 26. For three days. Functions were mostly restored, but the restoration process prevented employees from achieving certain systems needed to release results. However, the company provided a prejudice to the numbers here and reviewed the shares. They respond positively, at least at the moment these preliminary results have increased by about 3%.
00:58 Speaker b
Yes, and the preliminary results required that nine cents earned for 1.35 billion sales. It was superior to the company’s advice. It also outperforms analysts’ assessments. So it increases the price of shares today. The company has now earlier stated earlier that the security incident will not affect the first quarter’s financial results, but in the second quarter there may be higher costs associated with infringement. However, Brad is interesting because we have recently seen similar security violations at other fashion and retail companies. For example, Cartier revealed a violation of data on Monday, which revealed names, email. Email addresses and residences. So what is really worth continuing to watch, and I wonder what more Victoria’s secrets have to say about this violation when they officially release those results. However, we see that shares are still increasing today, though we still have to go a long way. We landed about 50%.
02:12 Speaker a
Yes, only the reaction to some of the preliminary results given above in the previous recommendations we mentioned here a moment ago. In addition, we are watching the Bumble day and the JP Morgan’s neutral speed falls after lower than reduction. The campaign analyst has collected 50% of the reports of the short release date and that the company is unable to meet its goal, taking into account their expectations that income and reduction of payers will accelerate, despite the fact that the macro environment is currently reduced by about 5%.
02:57 Speaker b
Yes. So now it is selling over JPM prices, so they certainly do not see more opportunities to go here. They also say that income and consumer growth are expected, especially among Gen Z customers, which I think were interesting. They reduced their price goal to five dollars and, according to Monday’s closure, means a reduction in 13%. And if you look at the stock year so far, we’re less than 30%. And we will have to wait for any other catalyst. JPM says another possible catalyst may be an annual Bumble meeting on June 5th. However, even after looking at some competitors, the Match Group, which owns the man, Tinder, has also fallen by about 8%. So the S&P 500 is still under -evaluated, but compared to where we are here with Bumble, much better here. And I am wondering how Ai’s history will continue to affect companies like Bumble, apps such as Tinder, Hinge, UH, because it is currently rough if you are in these programs. I have on their friends. Yes. I have a little rupture and I don’t find them so great all the time. You have to pay to really be a lot of it, and I’m not a game of all that. A love search game.
04:54 Speaker a
To get good quality.
05:00 Speaker b
And I also feel that now I’m just pushing my own to take it here.
05:08 Speaker a
Please look. I have coffee. I will sit down and listen.
05:16 Speaker b
But I also feel like we have achieved a Peak program, and now people are really craving real personal relationships. And I think that’s why we don’t see some of these applications and sites, so stock prices don’t work so well. But these are just my anecdotal studies. I will continue to explore it. But that’s my hot.
05:55 Speaker a
Yes.
05:57 Speaker b
Heavy data has been beaten 92%over the last five years. Ali, thank you very much. Appreciate this. You can scan the QR Code below to follow the best and worst shares in the session here using the Yahoo Finance’s most popular certificate page.
06:11 Speaker a
Thank you.