The Business of Baby Yoda
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 21 February 2020
⏱️ 41 minutes
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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 Full Money. |
| 0:18.0 | It's the Motley Full Money radio show. I'm Chris L. Joining me in studio this week. |
| 0:22.0 | Senior analyst Jason Moser and Ron Gross and from 1623 capital, Jeff Fisher. |
| 0:27.0 | Good to see you as always, gentlemen. |
| 0:29.0 | Hey, you know, we've got the latest headlines from Wall Street. |
| 0:31.0 | We will dip into the full mailbag. And as always, we've got a few stocks on our radar. |
| 0:35.0 | But we begin with big retail. Walmart's fourth quarter profits in revenue came in a little bit lower than expected this week. |
| 0:43.0 | Holiday quarter. I don't know, Jeff. This is what we saw with targets. |
| 0:48.0 | Holiday quarter in that bizarrely the video games and the toys. They didn't do that well. |
| 0:54.0 | Big retail, not big excitement, though. Yeah, Chris sales were, same store sales were only up about 2% in the fourth quarter. |
| 1:02.0 | And basically for the whole year, 2.8% same store sales. Walmart, US. |
| 1:07.0 | So you're seeing this business, which is giant. I mean, Walmart has 520 billion in annual revenue. |
| 1:13.0 | They're able to grow revenue by low single digits year over year. That's their goal now. That's their hope. |
| 1:20.0 | But as you said, Chris, retail toys didn't do that well over the holidays. |
| 1:25.0 | And we can talk about why that might be. But groceries did well. E-commerce did well. |
| 1:29.0 | And overall, as long as same store sales are in the green, Walmart is still a relevant business. |
| 1:37.0 | I think it was neat to see the performance in grocery because we talked before about how Walmart, |
| 1:41.0 | you know, I don't think a lot of people really make that immediate connection. |
| 1:45.0 | I mean, it really is. I mean, grocery is responsible for the half of all US sales. |
| 1:50.0 | And then on top of that, when you see Warren Buffett's recent big investment in Kroger, |
| 1:55.0 | I mean, a lot of interest in the grocery space there as well. I mean, when you've got Walmart and Kroger, |
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