Big Retail Earnings, Packers For Sale
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 16 November 2021
⏱️ 17 minutes
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Summary
Shares of Walmart fall despite strong 3rd-quarter results and raised guidance. Home Depot hits a new all-time high after a monster 3rd quarter fueled by higher average tickets. Bill Mann analyzes those stories and weighs in on the Green Bay Packers selling $90 million worth of stock in the team.
Transcript
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| 0:00.0 | It's Tuesday and November 16th, welcome to Marketfoolery, I'm Chris Hill with me today, |
| 0:07.1 | the one and only Bill Mann, good to see you. |
| 0:10.2 | Chris, it's delightful to be with you, you doing all right? |
| 0:13.9 | I'm doing all right, I'm doing all right, we've got sports news for investors or it might |
| 0:17.9 | be investing news for sports fans, I'm not sure which, but we're going to start with |
| 0:21.7 | some big retail earnings. |
| 0:24.3 | Walmart's third quarter profits in revenue came in higher than expected, same store sales |
| 0:28.9 | were higher than expected, they raised guidance, you would think the stock would be shooting |
| 0:35.6 | up, but it's Walmart, that's not the case. |
| 0:38.7 | It's not a shooting up stock, is it? |
| 0:42.2 | It's not, but it's interesting because there are some people who are sort of dinging |
| 0:46.5 | Walmart on their gross margins and I suppose I understand that, if you're just going |
| 0:54.7 | to judge them on their gross margins aren't as lovely as they could be, I get that, but |
| 1:01.4 | to me Bill, the value proposition for customers is still very much at the heart and center |
| 1:08.9 | of what Walmart is doing. |
| 1:10.8 | Exactly, exactly, think about this, think about the size of the Walmart revenue base and |
| 1:17.3 | it was up 9.2%, that is massive, that is massive, that means that Walmart is |
| 1:24.7 | taking market share. |
| 1:27.5 | The other thing that they said that was really, really interesting in an environment in which |
| 1:32.0 | we're all worried about supply chains, one of the first things that they said was, hey, |
| 1:37.9 | our shelves are stocked, we are ready for the holiday season. |
| 1:43.1 | Whichever holiday you're talking about, and I do hope they were talking about Thanksgiving |
... |
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