Tobacco, Beer & Liquor
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 29 March 2017
⏱️ 27 minutes
🧾️ Download transcript
Summary
Restoration Hardware shares rise on optimism on the company’s new loyalty program. Motley Fool Funds analyst Bill Barker examines the latest quarter from Sonic, as well as the incredible long-term performance of tobacco, beer and liquor stocks. Plus, we share a few thoughts on baseball’s opening day.
Transcript
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| 0:00.0 | It's Wednesday, March 29th. |
| 0:03.4 | Welcome to Market. |
| 0:04.7 | I'm Chris Hill joining me in studio today |
| 0:06.2 | from Motley Fool Funds, Bill Barker. |
| 0:08.4 | Thanks for being here. |
| 0:09.7 | Thanks for having me. |
| 0:10.4 | We're all wired. |
| 0:11.5 | We got our coffee and you me and Austin Morgan who's |
| 0:15.3 | sitting in behind the glass have just been engaging in a pretty spirited, not |
| 0:20.4 | heated, but robust. A robust, that's a much better word, a robust conversation about sports movies, which we will spare our listeners from, at least at this point. We got earnings. We've got retail earnings, we've got food earnings. |
| 0:37.4 | We are going to touch on sports because opening day is just around the corner, but let's start |
| 0:41.4 | with restoration Hardware and I think I may have to |
| 0:47.3 | eat a little crow on this one. It was a good fourth quarter report for Restoration Hardware. |
| 0:52.3 | Their profits and revenue came and higher than expected. |
| 0:54.8 | Despite the fact, help me understand this by the way. Same store sales fell 18%. |
| 1:00.8 | That's a pretty significant drop considering the fact that their stock is up about, I don't know, 10, 13 percent today. |
| 1:10.0 | And their guidance, I think that's probably what's driving the stock as much as anything, |
| 1:16.0 | is they're pretty optimistic about 2017. |
| 1:20.0 | Yeah, normally you would say in response to a 12% rise in the stock on the heels of an 18% same |
| 1:30.4 | store sales decline just you can't get there from here. |
| 1:34.0 | You know, you can't get to a 12% increase off an 18% comp decrease. |
| 1:40.0 | But you can if you project a better future and there's a market that's willing to believe it. |
... |
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