Toys, Candy, Alcohol, and CES 2020
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 10 January 2020
⏱️ 39 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 Fool Money. |
| 0:16.0 | It's the Motley Fool Money Radio Show. I'm Chris L. Joining me in studio this week, |
| 0:22.0 | seeing their analysts Andy Cross, Emily Flippin, and Ron Gross. Good to see you as always. |
| 0:26.0 | Hey Chris. We've got the latest headlines from Wall Street. |
| 0:29.0 | We will head to Las Vegas for a report on this year's CES. |
| 0:33.0 | And as always, we'll give you an inside look at the stocks on our radar. |
| 0:35.0 | But we begin with retail, a whole lot of retail, Ron. |
| 0:39.0 | But we'll start with Costco. Same store sales for December, up 9% that is 2% |
| 0:44.0 | percentage points higher than Wall Street was expecting. |
| 0:47.0 | I was telling you before we started, I don't think of Costco as a retailer |
| 0:52.0 | that needs to or necessarily actually crushes holiday quarters or months in this case. |
| 0:59.0 | But holy cow, they really nailed it. |
| 1:02.0 | Never underestimate, never underestimate the power of toys, candy, and alcohol. |
| 1:08.0 | Because that was getting the job done in December. |
| 1:12.0 | And it's a really strong period for them. But I agree, the company doesn't rely on it. |
| 1:17.0 | It's not a kind of a black Friday kind of situation where they have to wait for the holiday season to become profitable. |
| 1:24.0 | They're profitable consistently. Thanks largely to their subscription based model, |
| 1:28.0 | not the fact that they're a retailer and rely on the sale of goods to become profitable. |
| 1:34.0 | But this was really strong. Love to see their internet sales really be robust, up 43% in December. |
| 1:41.0 | That's important for a company like Costco, which has to compete in the world of Amazon. |
| 1:45.0 | Well, especially because they had a little e-commerce blip during the Thanksgiving period as we talked about before. |
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