The State of Food Delivery
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 5 March 2019
⏱️ 20 minutes
🧾️ Download transcript
Summary
Target rises on strong holiday results. Salesforce.com falls on guidance (not results). Abi Malin discusses those stories, analyzes the current landscape for food delivery stocks, and shares her Fat Tuesday experiences.
Transcript
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| 0:00.0 | It's Tuesday March 5th. |
| 0:03.0 | Welcome to Market Flory. |
| 0:05.0 | I'm Chris Hill joining me in studio. |
| 0:07.0 | New Orleans own Abby Mallin. |
| 0:10.0 | Thanks for being here. |
| 0:11.0 | Thanks for having me. |
| 0:12.0 | I know you're not from New Orleans, but it's, as you were talking about before we started |
| 0:15.0 | taping, it's Fat Tuesday. |
| 0:16.0 | Happy Fat Tuesday to everybody out there. |
| 0:18.3 | You went to school in New Orleans. |
| 0:19.3 | We'll get to that because I'd like to learn a little bit more about Fat Tuesday. |
| 0:23.4 | We got earnings to get to. |
| 0:25.7 | We're going to start with Target. |
| 0:29.3 | Fantastic holiday quarter, profits and revenue came in higher than expected. |
| 0:33.7 | Their digital sales continue to climb. |
| 0:36.6 | Stock up nicely today. |
| 0:38.1 | The stock is up nicely. |
| 0:39.2 | So as you mentioned, this is their fifth consecutive year of digital sales growing at a greater than 25% cliff, which is actually just phenomenal for them. |
| 0:48.0 | But overall, I think Target has continued to sort of thrive even in the space of kind of |
| 0:54.5 | flagging retail and I think part of that is maybe tempered expectations from |
| 1:01.0 | analysts so I don't think anyone was expecting that Q4 comp sales are up 5.3%, |
| 1:07.7 | including in-store sales up 2.9% and digital sales up 31%. |
... |
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