MarketFoolery: 11.29.2012

MarketFoolery

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4.7 • 1.7K Ratings

🗓️ 29 November 2012

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tiffany reports weaker-than-expected earnings and lowers its full-year outlook. Shares of Barnes & Noble decline on a slowdown in same-store sales. And Starbucks introduces a $7 cup of coffee.

Transcript

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0:00.0	Thursday, November 29th.
0:03.0	Welcome to Market Fullry.
0:05.0	I'm Chris Hill.
0:06.0	And joining me in studio today for Motley Fool Pro and Motley Fool options, Jeff Fisher,
0:10.0	and for Motley Fool Inside Value Uncle Joe Maker.
0:12.0	Gentlemen, happy Thursday.
0:13.2	Happy Thursday.
0:14.2	What's that?
0:16.6	You too, Chris.
0:18.6	We're interchangeable.
0:20.6	We're off to a good start.
0:22.4	We are off to a good start. We've got some earnings from
0:25.2	Tiffany and from Barnes and Noble and we've got Starbucks trying to wrench even more
0:30.8	money out of your pocket with a $7 cup of coffee.
0:34.1	We'll get to that.
0:34.8	But let's start with Tiffany.
0:36.4	Shares of Tiffany down 7% this morning on third quarter earnings.
0:41.1	Jeff, profit fell 30%. They cut guidance for the full year. Is this just
0:47.3	a bad quarter or worse?
0:50.7	So sales worldwide still increased 4%, but what did hit results were higher material costs,
0:57.0	which led to lower profit margins, lower consumer demand, especially in China,
1:02.0	where a lot of companies are seeing soft demand,
	...

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