Pizza, Healthcare, Luxury Fashion
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 6 November 2019
⏱️ 13 minutes
🧾️ Download transcript
Summary
Papa John’s stock rises on surprising same-store sales growth. CVS Health continues to transform its business, while Capri Holdings continues to struggle. Abi Malin analyzes those stories and shares why luxury fashion is such a challenging business. (To get 50% off our flagship investing service, Stock Advisor, just go to www.StockIdeas.Fool.com.)
Transcript
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| 0:00.0 | It's Wednesday, November 6th. |
| 0:04.0 | Welcome to Market Foolry. |
| 0:05.0 | I'm Chris Hill with me in studio today. |
| 0:07.0 | Abby Mallin, in the house. |
| 0:09.0 | Thanks for being here. |
| 0:10.0 | Thanks for having me. |
| 0:11.0 | We've got health earnings. |
| 0:12.0 | We've got luxury fashion earnings. But we're going to start |
| 0:15.6 | with something that I think is good 99% of the time, and that's Pizza. Papa Johns specifically today. |
| 0:22.4 | shares of Papa Johns up more than 5%. Papa John's specifically today. |
| 0:23.0 | Shares of Papa John's up more than 5% because same store sales in the third quarter were |
| 0:28.4 | up 1% and that's a tiny amount but that is the first time in two years they've had positive comps. |
| 0:35.7 | So yes, it's a low bar, but Papa John's cleared it. |
| 0:39.4 | Yeah, I mean expectations were that they were supposed to be down about 0.6 percent so exceeding |
| 0:45.2 | expectations and actually reversing a trend which is always going to be very positive news |
| 0:50.2 | for them. |
| 0:51.2 | So you've got Rob Lynch who's been the CEO since August. |
| 0:55.0 | He basically just got there. |
| 0:57.2 | And I'm assuming this is part of why the stock is moving up today is |
| 1:03.0 | Rob Lynch basically announced a shakeup of the management team. |
| 1:08.0 | You've got a long time |
| 1:10.0 | CFO who's going to be leaving in the next couple of months, chief marketing officer, chief |
... |
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