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Motley Fool Hidden Gems Investing

Restaurant Record Highs and The Cult of We

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 23 July 2021

⏱️ 39 minutes

🧾️ Download transcript

Summary

Domino’s delivers. Chipotle serves up big earnings. Snap surprises. Netflix slips. Crocs kicks it up a notch. Zoom Video buys Five9. Johnson & Johnson rises. And Boston Beer fizzles. Motley Fool analysts Jason Moser and Maria Gallagher discuss those stories and share two stocks on their radar: PayPal and Squarespace. Plus, Wall Street Journal reporter Elliot Brown talks about the new book he co-authored, The Cult of We: WeWork, Adam Neumann, and the Great Startup Delusion. Looking for more stocks for your radar? Get 50% off our Stock Advisor service just by going to http://RadarStocks.fool.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Everybody needs money. That's why they call it money.

0:07.0

From full global headquarters, this is Motley Fool Money. It's the Motley Fool Money

0:20.2

radio show. I'm Chris Held joining me this week's Senior Analyst Jason Moser and Maria

0:24.6

Gallagher. Good to see you both. Nice to see you.

0:28.2

We've got the latest headlines from Wall Street, Elliott Brown from the Wall Street Journal

0:31.8

is our guest and as always we've got a couple of stocks on our radar. But we begin with

0:36.6

the Red Hot Restaurant industry. Domino's Pizza and Chipotle both hitting new all-time

0:42.5

highs this week after strong second quarter results. In Domino's case, Maria, it wasn't

0:48.2

just that profits and revenue beat Wall Street's expectations. They continue to increase their

0:54.4

same store sales both here in the US and around the world. Yeah, I think you've said at

0:59.2

Besschrist, which is to never bet against pizza. So US same store sales growth was 3.5%.

1:05.8

International same store sales growth was about 14%. It's the 110th consecutive quarter

1:11.1

of international same store sales growth and 41st consecutive quarter of US same store sales

1:16.2

growth. What you see as well is that in the US there was an increase in items per order.

1:21.7

Many of growth was due to reopening. So hopefully farther down the line that translates to

1:26.1

that higher order. The thing with Domino's is you know what you're getting when you get

1:30.0

Domino's and you get it quickly. So their car side delivery consistently averages below two

1:35.1

minutes from out the door to the customer or you have delivery and then you have autonomous

1:40.1

delivery being tested out in Houston. So it's a good place to get pizza and pizza that

1:47.1

is delivered fast and pizza is always a good delivery food. So it's just another really good

1:52.1

quarter for Domino's. Well, and you and I were talking about this earlier in the week.

1:56.4

There are always going to be people who will look down their nose at Domino's. But as you

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