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Cheesecake Factory Falls, Walmart Slips, Wayfair Slumps As Analysts Spotlight Decline in Active Users
Published 3 weeks, 4 days ago
Description
On this episode of Stock Movers:
- Cheesecake Factory (CAKE) shares fell after the restaurant chain’s comp sales during the fourth quarter came in below the average analyst estimate.
- Walmart (WMT) shares slipped after issuing a forecast for full-year earnings that missed higher expectations, flagging the unpredictable state of trade and labor market conditions.
- Wayfair (W) shares slumped as active customers during the fourth quarter came in slightly below Street expectations. William Blair says the 6.9% growth in net revenue likely fell short of buy-side expectations. Peers RH, Arhaus and Williams-Sonoma also fell.
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