Mirror, Mirror on Lulu’s Wall
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 31 March 2021
⏱️ 15 minutes
🧾️ Download transcript
Summary
Chewy reports a surprise 4th-quarter profit that sends shares higher. Lululemon’s digital sales in the 4th quarter were strong, but what management really wants to talk about is Mirror. Emily Flippen analyzes those stories, as well as BlackBerry’s latest results and attempts to turn the company around.
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Transcript
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| 0:00.0 | It's Wednesday, March 31st. Welcome to Marketfoolery. I'm Chris O. with me today. |
| 0:07.0 | The one and only, Emily Flippin. Thanks for being here. |
| 0:10.0 | Thanks again for having me, Chris. |
| 0:12.0 | A quick programming note. We are off tomorrow. |
| 0:15.0 | It is a short week for Marketfoolery because it's spring break. |
| 0:18.0 | And also, by the way, the market is closed on Fridays. Just a reminder. |
| 0:21.0 | For all you day traders out there, the market's closed on Friday. |
| 0:24.0 | You're going to have to find something else to do. |
| 0:27.0 | We have a trio of fourth quarter reports. Let's start with Chewy. |
| 0:31.0 | The pet products company reported a surprise profit to wrap up the fiscal year. |
| 0:36.0 | Shares of Chewy up more than 6% today. |
| 0:39.0 | And this was not one of those beat by a penny situation. |
| 0:44.0 | Wall Street was expecting a solid loss and all things considered. |
| 0:48.0 | This seems like it was a pretty strong beat. |
| 0:50.0 | I'm going to take a victory lap on this one, Chris, |
| 0:53.0 | because this surprise profitability from Chewy earnings of five cents per share |
| 0:59.0 | was something that a lot of analysts said wasn't possible for this e-commerce pet business. |
| 1:04.0 | A lot of people related it to pets.com when it went public. |
| 1:08.0 | But Chewy has a unique strategy and part of that strategy has historically been |
| 1:13.0 | spending a ton of money on customer acquisition at the expense of its bottom line. |
| 1:18.0 | And so this surprise profitability is wonderful. |
| 1:22.0 | But I will say the best performance wasn't actually Chewy's financial performance. |
... |
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