Mt. Rushmore of Breakfast Cereals
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 31 May 2017
⏱️ 28 minutes
🧾️ Download transcript
Summary
Michael Kors hits a 5-year low as same-store sales plummet. Fool Funds analyst Bill Barker surveys the retail landscape and compares Kors to the strong sales from J. Jill. Plus, we discuss Kellogg’s layoffs in the wake of falling sales and which breakfast cereals belong on Mount Rushmore.
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Transcript
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| 0:00.0 | Thanks to Bomfel for supporting this episode of Market Foolery. |
| 0:02.6 | Bomfel is an online personal styling service for men that helps find the right clothes for |
| 0:07.5 | you. |
| 0:08.5 | Get $25 off your first purchase at bombfel.com slash fool. That's bomb fell.com slash fool. |
| 0:15.8 | It's Wednesday, May 31st. Welcome to market foolery. I'm Chris Hill joining me in |
| 0:22.3 | studio today for Molly Fool Funds, Bill Barker. Happy last day of May. |
| 0:27.0 | Thank you. We're going to get to the whole sell in May and go away thing. We're going to get to that. |
| 0:31.0 | One programming note, as I mentioned yesterday Fool Fest begins tomorrow here in Alexandria, Virginia, so this is going to be a short week for market foolery. We will be back so no episode tomorrow, but we will be back on Monday. |
| 0:47.0 | Let's start with Fashion Retail, shall we? |
| 0:49.0 | Sure. |
| 0:50.0 | We'll start with Michael Coors, their fourth quarter results are a nice reminder that when |
| 0:57.9 | you're an investor you kind of want to look beyond the top and bottom line results because both of those were pretty good for Michael |
| 1:05.4 | Coors, but then you get to things like same store sales falling 14 percent and that's |
| 1:11.5 | when the wheels start to come off the wagon. |
| 1:13.0 | Yeah, it's not, you don't have a long life if you're at same store sales decreasing by 11% indefinitely. |
| 1:25.7 | Not to say that's what's gonna happen here, |
| 1:27.5 | but that is probably the most important metric |
| 1:29.8 | for any retail operator. |
| 1:31.6 | And so, Core has actually opened up over 100 stores last year. |
| 1:37.3 | So their total sales for the year |
| 1:40.5 | weren't really down that much, but they shouldn't have been opening those stores. |
| 1:46.5 | Right. |
... |
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