Katrina Lewis

New York

Equities Reporter at Bloomberg News

Equities reporter for @business | @wlunews graduate | Views are mine | Reach out at [email protected]

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Articles

Rent the Runway Jumps a Record 162% After Earnings Beat

Apr 11, 2024 | es-us.finanzas.yahoo.com | Carmen Reinicke |Katrina Lewis

(Bloomberg) -- Rent the Runway Inc. notched a record one-day jump after reporting earnings that beat investor expectations and stoked hopes that the clothing-rental company can turn itself around.
Rent the Runway Eyes Record Jump as Earnings Spark Revival Hope

Apr 11, 2024 | finance.yahoo.com | Carmen Reinicke |Katrina Lewis

(Bloomberg) -- Rent the Runway Inc. is on track to notch a record one-day jump after reporting earnings that beat investor expectations and stoked hopes that the clothing-rental company can turn itself around.
Rent the Runway (RENT) Stock Surges as Earnings Spark Revival Hope

Apr 11, 2024 | bloomberg.com | Carmen Reinicke |Katrina Lewis

Rent the Runway Inc. notched a record one-day jump after reporting earnings that beat investor expectations and stoked hopes that the clothing-rental company can turn itself around. The stock surged 162% Thursday to close at $19.38 a share after the company reported fourth-quarter revenue and adjusted earnings that beat Wall Street expectations.
Hedge Funds Sour on US Stocks as Retailers Fall Out of Favor

Apr 10, 2024 | bloomberg.com | Natalia Kniazhevich |Katrina Lewis

Hedge funds are turning more bearish on US stocks and retailers amid uncertainty about how Americans are coping with persistent inflation and elevated borrowing costs. The group net sold global equities for a second straight week, led by North America and Europe, and at the fastest pace since mid January, according to prime brokerage data from Goldman Sachs Group Inc.
Sweetgreen’s Robo Salad Bar Aspirations Lure Back Investors

Apr 5, 2024 | msn.com | Katrina Lewis

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Sweetgreen’s Robo Salad Bar Aspirations Lure Back Investors

Apr 4, 2024 | bnnbloomberg.ca | Katrina Lewis

(Bloomberg) -- Sweetgreen Inc.’s robotic kitchen ambitions are firing up Wall Street and helping to draw investors back to the trendy salad chain. The stock has soared 112% to begin the year, while notching its best quarter ever and outperforming restaurant peers and even artificial intelligence darling Nvidia Corp.
Sweetgreen’s (SG) Robo Salad Bar Aspirations Lure Back Investors

Apr 4, 2024 | bloomberg.com | Katrina Lewis

Sweetgreen Inc.’s robotic kitchen ambitions are firing up Wall Street and helping to draw investors back to the trendy salad chain. The stock has soared 112% to begin the year, while notching its best quarter ever and outperforming restaurant peers and even artificial intelligence darling Nvidia Corp.
Ulta Sparks Rout in Beauty Stocks on Warning of Slowing Demand

Apr 3, 2024 | finance.yahoo.com | Janet Freund |Katrina Lewis

(Bloomberg) -- Ulta Beauty Inc. tumbled the most since March 2020 after executives signaled cooling consumer demand for beauty products, which weighed on the shares of industry peers as well.
Ulta (ULTA) Shares Fall on Cooling Demand, Sending Peers Lower (COTY, EL, ELF)

Apr 3, 2024 | bloomberg.com | Janet Freund |Katrina Lewis

Ulta Beauty Inc. tumbled the most since March 2020 after executives signaled cooling consumer demand for beauty products, which weighed on the shares of industry peers as well. The retailer’s stock plunged as much as 15% Wednesday. The slide came after the company said at a JPMorgan Chase & Co. conference that comparable sales for this quarter would likely be at the lower end of the guidance it gave last month for the first half of the year, assuming current sluggish trends persist.
KitKat, Cadbury Egg Makers Feel Pain of Record High Cocoa Prices

Mar 28, 2024 | ndtvprofit.com | Allegra Catelli |Katrina Lewis

The sudden and sharp rise in cocoa prices this year is taking a toll on chocolate stocks across the world as investors scramble to assess the impact that confectionery companies could face if costs of the key ingredient remain elevated. Cocoa futures have more than doubled in 2024 and soared above an unprecedented $10,000 a metric ton this week.