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MarketFoolery

Costco’s Surprising Miss & KFC’s Resurrection

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 28 May 2015

⏱️ 20 minutes

🧾️ Download transcript

Summary

Costco’s same-store sales fell for the first time in 6 years. Shares of Abercrombie & Fitch rise, but we’re still not interested. Plus we dip into the Fool Mailbag and discuss KFC’s attempt to increase sales by bringing back Colonel Sanders.

Transcript

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0:00.0

It's Thursday, May 28th.

0:03.4

Welcome to Market Foolery.

0:04.5

I'm Chris Hill joining me in studio today

0:06.3

from a billion dollar portfolio, Jason Moser.

0:08.2

Happy Thursday.

0:09.1

Happy Thursday.

0:09.8

I'm ready to turn that into a billion dollar portfolio. I'm sure people who are part of the

0:15.3

service would love you. That's our goal right I mean that's that's the ultimate

0:18.2

goal it's gonna take a while to get there but I have no doubt that we will one day

0:21.7

make it. Is today National Burger Day? I saw that on Twitter and I...

0:26.0

Is it really? Yeah. Now that... Work on that while I tell the dozens of listeners what's coming in this episode.

0:33.0

I mean I made a I made some mean burgers last night on the grill.

0:37.0

Well you were a day early.

0:39.0

I know maybe that just I need to go ahead and do it again tonight.

0:42.0

We're going to dip into the full mail bag. We will look at

0:45.8

one restaurant chain's attempt to turn its business around. We'll talk retail. And let's start with one of the biggest retailers out there,

0:54.9

Costco. Their third quarter profits up 9% from a year ago. That's good. Same store sales down 1%. First time since 2009 they have had a

1:06.9

quarterly drop in same store sales that no one's freaking out about this nor

1:11.6

should they. Still kind of surprising though yeah

1:15.1

and just to confirm today is in fact National Burger Day Twitter

1:18.4

thanks again you just you know source of instant information there.

1:23.2

Yeah, so Costco, I mean, this is really interesting.

...

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