(DOG)
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Bad dog! Investors sent Pet Valu Holdings scrambling after same-store sales rose just 2.3 percent in the third quarter, missing expectations by a full percentage point. Results were hit by a decline in discretionary spending and increased promotional activity by competitors, leading the company to lower its full-year revenue forecast. With Pet Valu's stock down about 29 percent since the end of August, this pooch is eating up investors' portfolios like a golden retriever eats a couch cushion.
Strategy Inc. (DOG)
MSTR-Q
Michael Saylor seemed like a genius when the price of Bitcoin skyrocketed. Now investors in his heavily indebted “Bitcoin Treasury” company must be feeling pretty stupid. Shares of Strategy, a software developer focused on buying billions of dollars worth of Bitcoin, have fallen by more than half since their peak of $543 a year ago, when the crypto price soared on the back of Donald Trump's election victory. With Bitcoin falling below $100,000 this week for the first time since June, investors are losing confidence in Mr. Saylor's strategy of selling loads of stocks and debt to accumulate the digital tokens. Leverage and crypto. What could go wrong?
Lemonade Inc. (STAR)
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How much does an average child make selling lemonade: five to ten dollars. How much revenue Lemonade Inc. generated in the third quarter: $194.5 million. The online insurance company, which uses AI to create its home, auto, pet and life insurance policies, said its customer base rose 24 percent year-on-year to 2,869,900. Premiums for active policies rose 30 percent on an annual basis to $1.16 billion. Kids, bring the frozen Minute Maid back to the store – it's time to open an insurance stand.
Trex Company Inc. (DOG)
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Don't you hate it when you build a backyard patio and invite the neighbors over for a barbecue – and then the patio collapses? Trex Company shareholders suffered significant financial harm after the maker of composite decking materials posted third-quarter revenue below expectations and warned that full-year sales would remain near 2024 levels, citing “ongoing weakness in the repair and remodeling sector.” It looks like the cards are stacked against the company.
Doordash Inc. (DOG)
DASH-Q
Doordash investors are already rushing out the door. Although the food delivery platform's third-quarter revenue rose 27 percent to $3.4 billion, profit of 55 cents per share fell short of Wall Street's forecast of 69 cents as rising costs weighed on the bottom line. Doordash is spending heavily on acquisitions and technologies like autonomous delivery robots, and spending is expected to increase by “several hundred million dollars” by 2026, the company said. As the stock suffered its biggest one-day drop on record, investors are microwaving leftovers to save money.