“Did they get it right? No.”
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 27 May 2020
⏱️ 22 minutes
🧾️ Download transcript
Summary
Tractor Supply updates guidance, much to the delight of Wall Street. Domino’s latest same-store sales numbers are good, but Papa John’s posts an even bigger number. The Wall Street Journal believes the RV industry is having a moment. Bill Barker analyzes those stories and critiques a scene in the most recent episode of Showtime’s series Billions.
Transcript
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| 0:00.0 | It's Wednesday, May 27th. Welcome to Market Foolery. I'm Chris Hill with me. The one and only highly |
| 0:08.8 | caffeinated, Bill Barker. Good to see you, my friend. |
| 0:11.3 | Yeah, the trouble is I'm about to run out. |
| 0:14.0 | We did so much pre-show here that I'm almost done my coffee and you know what that's going to lead to. |
| 0:20.2 | That's going to be bad news. |
| 0:21.3 | So let's get through this show as |
| 0:22.8 | quickly as possible we've got retail we've got pizza we've got pizza news yes we |
| 0:29.1 | do and we've got RVs in the news, but we're going to start with tractor supply. |
| 0:35.2 | Tractor supply, which is one of those businesses, just like it sounds. |
| 0:39.6 | They're in the farm supply business and shares of tractor supply up this morning basically because they |
| 0:47.4 | updated their guidance for the second quarter this is you tell me, is it like, was the guidance that good or is part of what we're |
| 0:57.8 | seeing with the stock just enthusiasm from some institutional investors who are thrilled that a company, any company, is actually |
| 1:07.8 | updating guidance when we're in this period of time when so many companies are withdrawing it all together. |
| 1:15.7 | It could be a little bit of the latter giving updated guidance this earlier, still a month |
| 1:21.7 | to go in the second quarter so to give the |
| 1:26.5 | guidance that they expect tractor supply expects same store sales growth of 20 to 25 percent with two-thirds of the time period down |
| 1:38.1 | but it's you know an extraordinarily big number and caused as everything is right now by the environment |
| 1:49.7 | COVID and they're just in the right place at the right time. |
| 1:54.3 | Also they did a number of things before this all started that put them in position to take advantage of |
| 2:00.8 | this time having gone further on their buy online pickup in store program |
| 2:10.0 | which is one which more and more people are using not only a tractor supply but other |
| 2:16.1 | places and just 20 to 25 percent same store sales growth for the quarter is the reason the stock's up 5% today. This is not a |
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