Walmart, Alibaba & Esports
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 17 August 2017
⏱️ 20 minutes
🧾️ Download transcript
Summary
Walmart’s online sales rise 67%. Aaron Bush analyzes the retail landscape, Alibaba’s latest results, and Elon Musk dabbling in esports.
Transcript
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| 0:00.0 | This episode of Marker Fuller is brought to you by 23 in Me's genetic service. |
| 0:04.9 | You can learn what percentage of your DNA comes from places like Italy, Finland, East Asia, or Africa. |
| 0:10.2 | Visit 23 in Me.com slash fool. |
| 0:12.4 | That's the number 23 |
| 0:14.8 | A and D me dot com slash fool. |
| 0:18.0 | It's Thursday August 17th. Welcome to Market Flori. I'm Chris Hill joining me in studio today. |
| 0:24.7 | You know what, Aaron Bush works on so many different services here at the Motley |
| 0:29.0 | Fool. I hesitate to name them all. But Aaron Bush, in studio, thanks for being here. Yeah, thank you. |
| 0:34.5 | We've got retail and we've got not just retail, we've got two of the biggest retailers in the |
| 0:39.2 | world reporting earnings. We've got Walmart and Alibaba and we're going to dip into the full mail bag to talk about |
| 0:45.6 | e-sports. But let's start with Walmart. Their second quarter profits and revenue came in higher |
| 0:50.0 | than expected. Their online sales up 67%. The stock is still down a little |
| 0:56.0 | bit today but if nothing else the online sales is growing it's not just that |
| 1:02.1 | it's growing it's growing significantly. |
| 1:04.1 | Yeah, and without a doubt that's a good thing. |
| 1:06.8 | The way I personally feel about this quarter is that I'm happy that it wasn't awful. |
| 1:11.3 | Right. |
| 1:12.3 | And that's just because there's so much bloodshed out there these days. |
| 1:16.1 | I'll take I'll take 2% revenue growth. I feel pretty good about that when it comes to a |
| 1:21.9 | big box retailer. I mean, I mean pretty clearly 2% |
| 1:27.3 | revenue growth. Most of that was from comps and traffic increases. There was some |
| 1:32.0 | price increases along with that. |
... |
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