Becker Private Equity & Business Podcast
Burberry’s Surge and Grindr’s Market Rise 1-25-24
25 Jan 2025
In this episode, Scott Becker highlights Burberry’s unexpected 11% stock surge after better-than-expected sales, alongside Grindr’s 7% market rise.
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Chapter 1: What caused Burberry's stock surge?
This is Scott Becker with the Becker Private Equity in Business podcast. Today, we've got something that is a great surprise to the upside. Burberry shares, the place known for whatever you call them, very nice business trench coats or sort of creepy coats if worn the wrong way, saw sales dip less than expected this last quarter and now finds themselves with their stock up nearly 11% today.
Chapter 2: What other stocks had a good day?
So Burberry surges 11%. This is something that I think almost nobody saw coming. I'm starting to turn around their sort of movement in the wrong direction in such a quick way. I'm certainly surprised by how quickly that's moved in the right direction. We'll see if they could maintain that or not. So that's certainly a surprise to the upside. A couple other stocks having a heck of a day on Friday.
Chapter 3: How did Grindr's market performance compare to Burberry's?
And again, to stick with sort of the And I don't mean this in a bad way. The sort of the creepy agenda of the Burberry trench coat. And again, it's a joke. It's not creepy. It's fantastic. And this is not creepy either. But Grindr also is up nearly seven plus percent today. And I think Grindr is the hookup site. And so God bless Grindr. Burberry and Grindr in some strange kind of way.
They feel like they go together for me. And I know that's probably totally politically inappropriate. But you've got a situation today where both Burberry and Grindr are rising and doing terrifically well. A couple other things that we're watching. We've got a couple other things going well. Nintendo, the gaming console game going up as well, 4%.
But really, the big story today, Burberry up 11%, and Grindr grinding it out, showing great promise, great success, and up nearly 7%, 8% today. So Grindr having a hell of a day in the markets, up 7%. You know, fascinating to see you've got this great juxtaposition. Burberry and Grindr both rising. I find that humorous for some reason, but it's terrific for them and their businesses.
Thank you for listening to the Becker Private Equity and Business Podcast. Thank you very much.