“This is a terrible idea.”
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 28 May 2020
⏱️ 20 minutes
🧾️ Download transcript
Summary
Dollar General and Dollar Tree post stronger-than-expected 1st-quarter reports. Boeing announces layoffs and a restarting of 737 Max production. Amazon commits to long-term hiring. Regal Cinemas expects to reopen movie theaters in July. Motley Fool contributor Dan Kline analyzes those stories and shares the summer blockbuster film he’s most looking forward to.
Transcript
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| 0:00.0 | It's Thursday, May 28th. |
| 0:04.0 | Welcome to Market Foolery. |
| 0:05.0 | I'm Chris Hill joining me from Florida, the one and only Dan Klein. |
| 0:09.0 | Good to see you, my friend. |
| 0:10.0 | Hey there, Chris, it is a rainy week here in Florida. |
| 0:14.2 | It is a rainy day here in the ALX, so I feel for you, at least for today only. |
| 0:22.0 | We've got some retail news, we've got some employment news, we've got |
| 0:26.5 | entertainment news, but we're going to start with Dollar General. First quarter |
| 0:31.0 | profit in revenue came in higher than expected for Dollar General. |
| 0:35.0 | Same store sales were up nearly 22%. |
| 0:38.0 | That is not a typo. |
| 0:39.0 | That is not me miss speaking. |
| 0:41.0 | Same store sales for Dollar General up nearly 22 percent. Just a monster quarter. |
| 0:47.0 | Yeah, these numbers are incredible and there's a reason for it. Dollar General is a business that serves people that are underserved. |
| 0:55.0 | They're generally neighborhood stores, so a lot of their customer base can walk to them or it's a very short drive. |
| 1:01.0 | So at a time where we're under stay at home orders, shelter and place, whatever |
| 1:04.7 | you want to call it, this is the only option for some people who are otherwise taking the |
| 1:09.2 | bus to go to a grocery store. So you could have predicted this beforehand. This is a company that |
| 1:15.0 | sells everything. Groceries, toilet paper, you know your iPhone charger breaks. |
| 1:19.4 | They'll have an iPhone charger, cleaning supplies. I'm sure they adjusted merchandise. |
| 1:23.8 | They're probably selling a lot less pool noodles right now. |
| 1:26.6 | But that type of stuff. |
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