Jonathan Block

Baird has downgraded Petco Health and Wellness ( NASDAQ: WOOF ) to neutral from outperform saying "the timing of profit stabilization/inflection is proving more elusive than we anticipated."

Ulta Beauty (ULTA) beats Q3 expectations and updates fiscal year revenue and EPS forecasts. Read more here.

Altimmune's obesity drug pemvidutide shows promising results in phase 2 with a mean weight loss of 15.6% in one dose cohort. Red more here.

Duluth Trading ( NASDAQ: DLTH ) closed down ~3% Thursday after reporting Q3 results that missed on both lines and updated its fiscal 2023 guidance.

Piper Sandler downgrades Texas Roadhouse to neutral as the stock hits its price target.

Saks Fifth Avenue, part of Hudson's Bay Company, made a $3B offer to buy Neiman Marcus this week that the latter rejected.

Walmart ( NYSE: WMT ) is no longer advertising on the social media platform X, formerly known as Twitter.

Cal-Maine Foods faces a nearly $18M verdict for its involvement in an alleged egg price fixing conspiracy. Read more here.

A jury has ordered Cal-Maine Foods to pay ~$17.8M as part of its verdict finding the company was engaged in an egg price fixing conspiracy.

Increasingly popular weight loss drugs are not only benefitting individuals by reducing their waist lines. They could be a boon to apparel names.