MarketFoolery: 11.08.2012
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 8 November 2012
⏱️ 19 minutes
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Summary
McDonald's sales decline for the first time since 2003. Activision reports better-than-expected earnings. Whole Foods reports a 9 percent increase in same-store sales.
Transcript
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| 0:00.0 | It's Thursday, November 8th. |
| 0:04.0 | Welcome to Market Fullery. |
| 0:05.0 | I'm Chris Hill and joining me in studio today. |
| 0:07.0 | From Motley Full Options, Jim Gillies, and for Motley Full One, Jason Moser. |
| 0:11.0 | We're wrapping up Canada week with Jim Gillies. As long as we don't talk |
| 0:15.1 | about hockey today, I just don't really have much to offer there. We're not going to talk about hockey, |
| 0:18.9 | although I was remiss because on Tuesday we talked about Bill Barker was in here we talked about the election |
| 0:25.2 | we played a couple of clips from Nate Silver and I was remiss in yesterday's |
| 0:29.0 | podcast when I did not mention the prediction that our producer, Mac Greer, made on Tuesday, his |
| 0:35.7 | prediction was the election is going to be called at 1048 at night and Mac was like off by 20 minutes. That was really close. So again if you had your if you |
| 0:46.4 | had your money down if you're rolling with Mac you're rolling large. We've got |
| 0:50.3 | a Mac. We got earnings from Whole Foods from Activision Blizzard. We are going to start however with |
| 0:55.4 | McDonald's because for the first time in nearly a decade McDonald's monthly sales fell. |
| 1:01.6 | Jason it was down nearly 2% in the month of October. |
| 1:05.0 | We're talking about same store sales, so these are locations, these are not new locations. |
| 1:08.4 | These are ones that have been open for at least a year. |
| 1:11.7 | How big a red flag is this? I wish I could say it was a year. How big a red flag is this? |
| 1:13.0 | I wish I could say it was a red flag. |
| 1:16.0 | But unfortunately, it's not really. I mean, sales go up, sales go down. |
| 1:21.0 | I mean, it's not like McDonald's is any is in any real pinch |
| 1:24.2 | here considering the scale of the operation but I think it is worth noting you know and |
| 1:28.6 | we talked about this before where watching same store sales drop particularly in the US, for example, where I think last |
... |
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