On this episode of Stock Movers:


- Target (TGT) shares fall as much as 6.5% premarket, erasing an earlier gain of about 3%, as executives warn that second-quarter comparisons are the “hardest” of the year. “Notably, in the quarter just ended, we faced the easiest prior year comparison of the year and will be facing the hardest comparison in Q2, a nearly two percentage point difference as we begin lapping last year’s launch of the Nintendo Switch two,” CFO James Lee said on the conference call.


- Cava Group (CAVA) shares rise. Cava Group Inc. raised its annual sales outlook after diners flocked to its restaurants in the first quarter, defying the crunch in consumer budgets. The Mediterranean chain expects same-store sales to rise as much as 6.5%, up from an earlier forecast of 5% growth at most.


- Hasbro (HAS) shares were down more than 7% on Wednesday morning after the company maintained a sales forecast for the year that was on the low end of what analysts expected.The toymaker, home to GI Joe action figures and Magic: The Gathering playing cards, reported that sales in the first quarter rose 13% to $1 billion. Revenue for the company’s games unit rose 26%, was flat in traditional toys and declined in its entertainment business.

On this episode of Stock Movers:
 - Target (TGT) shares fall as much as 6.5% premarket, erasing an earlier gain of about 3%, as executives warn that second-quarter comparisons are the &ldquo;hardest&rdquo; of the year. &ldquo;Notably, in the quarter just ended, we faced the easiest prior year comparison of the year and will be facing the hardest comparison in Q2, a nearly two percentage point difference as we begin lapping last year&rsquo;s launch of the Nintendo Switch two,&rdquo; CFO James Lee said on the conference call.
 - Cava Group (CAVA) shares rise. Cava Group Inc. raised its annual sales outlook after diners flocked to its restaurants in the first quarter, defying the crunch in consumer budgets. The Mediterranean chain expects same-store sales to rise as much as 6.5%, up from an earlier forecast of 5% growth at most.
 - Hasbro (HAS) shares were down more than 7% on Wednesday morning after the company maintained a sales forecast for the year that was on the low end of what analysts expected.The toymaker, home to GI Joe action figures and Magic: The Gathering playing cards, reported that sales in the first quarter rose 13% to $1 billion. Revenue for the company&rsquo;s games unit rose 26%, was flat in traditional toys and declined in its entertainment business.

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Listen for five-minute conversations on today's biggest winners and losers in the stock market.&nbsp;
Subscribe for analysis on the companies making news in global equity markets. Episodes are published throughout the day to track stock moves from New York, London, Frankfurt and Paris. Join us for investment news covering technology, energy, finance, health care, communications, industrials, utilities, consumer staples, materials, real estate and more.

Listen for news on today's biggest winners and losers in the stock market.

Stock Movers

Target Falls, Cava Rises, Hasbro Slides

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a427f28b-a4be-4e52-8043-b450013c46a9/transcript