Retail's Inventory Problem

Motley Fool Money

The Motley Fool

Business, Investing

4.4 • 3K Ratings

🗓️ 18 May 2022

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

"We got the inventory wrong." That's basically what Target CEO Brian Cornell said about his company's latest results. (0:30) Bill Mann discusses:
- Why Cornell and Walmart CEO Doug McMillon should have warned investors sooner about their latest quarterly numbers
- The inventory glut major these retailers will have to work through
- Lowe's benefitting from the residential home environment
- Whether Target's stock is more attractive after today's drop

(13:11) Tim Beyers talks with Arista Networks CEO Jayshree Ullal about how her company is diversifying its revenue stream and one thing investors often get wrong about Arista.

Stocks discussed: TGT, WMT, LOW, HD, ANET, MSFT, FB

Host: Chris Hill
Guests: Bill Mann, Tim Beyers, Jayshree Ullal
Producer: Ricky Mulvey
Engineers: Dan Boyd, Rick Engdahl

Transcript

Click on a timestamp to play from that location

0:00.0	We've got retail, home improvement, and a closer look at a growing cloud networking company.
0:10.1	Monty full money starts now.
0:12.5	I'm Chris Hill, joined by Monty full senior analyst Bill Man.
0:24.3	Thanks for being here.
0:25.6	Hey Chris, what do you want to talk about today?
0:28.6	Same thing as yesterday.
0:29.6	Let's talk some retail.
0:31.4	You and I are going to figure out what is happening with America's biggest retailers,
0:35.7	because I feel like we are one level down from just saying supply chain issues.
0:41.2	Yeah, you know what?
0:43.4	It's not funny.
0:44.4	I mean, we have Walmart lost a huge amount of market gap a couple days ago.
0:50.2	Its targets turn today.
0:51.8	Their stock is down as much as it has been on any single trading session since the great
0:57.1	crash of 1987.
1:00.2	Back when it was Dayton Hudson and not target, lows is down pretty sharply today as well.
1:07.8	I think the thing that's been interesting to me this earnings season is you had Visa
1:13.0	for example, came out and said, hey, spending is strong.
1:16.4	The consumers doing great.
1:18.8	And Amazon came out and said the consumers doing great.
1:23.4	And then suddenly you've got one after another after another, like no, no, no, no, no, no,
1:31.2	it is bad out there.
	...

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