CG: Going LOCO with Under Armour and Starbucks

Industry Focus

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4.6 • 854 Ratings

🗓️ 6 November 2018

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Earnings season is here, and we’re digging into three reports from the past week. First, we look at the bullish market response to results from Under Armour and Starbucks as their businesses pick up momentum heading into the holiday season. Then, we turn our attention to El Pollo Loco, the California-based fast casual restaurant chain, and its own recovery effort.

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Transcript

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0:00.0	This episode of Industry Focus is brought to you by Molecule, the world's first molecular air purifier that reduces symptoms for allergy and asthma sufferers.
0:09.0	For $75 off your first order, visit M-O-L-E-K-U-C-E dot com and enter the promo code fool.
0:17.0	Welcome to Industry Focus, the podcast it dives into a different sector of the stock market
0:21.3	every day.
0:22.3	I'm your host, Vincent Chen, and it's
0:23.6	Tuesday, November 6th. So we've been meeting to catch up on earnings with some
0:27.8	major reports in the past week, so we'll be updating listeners on two
0:30.9	leading consumer retail companies before introducing a restaurant
0:34.2	chain to industry focus.
0:36.0	Joining me for this discussion is senior Molly full contributor Acherma who's calling into the
0:39.8	full HQ studio via Skype.
0:42.0	Hey Assad, thanks for hopping on.
0:44.0	Thanks a lot, Vince. Great as always to be here.
0:47.0	We have a lot to cover today, so we're going to jump right into our first report from last week,
0:52.0	so that's Under Armour.
0:53.0	The company released its third quarter results on October 30th.
0:56.4	The stock is up almost 30% since reporting.
0:59.2	That pushes its year to date gains to 60%,
1:01.8	which has got to be a pretty encouraging sign of recovery that I'm sure
1:06.1	shareholders have been hoping to see since the stock pretty much fell off a cliff in 2016.
1:11.0	So CEO and company founder at Kevin Plank, he announced a major restructuring effort this time last year.
1:17.0	With this latest Q3 report, where do things stand now, Assad?
	...

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