Walmart & Home Depot vs. Inflation

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.3 • 3.1K Ratings

🗓️ 17 May 2022

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Two major retailers, two different results as they battle inflation. (0:30) Asit Sharma discusses: - Walmart's unusually large stock drop in the wake of disappointing 1st-quarter results - Being a blacksmith, not a goldsmith - Home Depot raising guidance after strong 1st-quarter profits - The role of higher mortgage rates play for home improvement retailers (15:30) Alison Southwick and Robert Brokamp continue their conversation with Business Insider's Mark Reeth about unusual economic indicators. Stocks discussed: WMT, HD, LOW, AMZN Host: Chris Hill Guests: Asit Sharma, Alison Southwick, Robert Brokamp, Mark Reeth Producer: Ricky Mulvey Engineers: Dan Boyd, Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	We've got a tale of two retailers.
0:07.1	It was the best of times.
0:08.5	It was the blirst of times.
0:10.5	Motley Fool Money starts now.
0:15.3	I'm Chris Hill, joined by Motley Fool's Senior Analyst, Asset Sharma.
0:24.6	Thanks for being here.
0:26.0	Chris, thanks for having me.
0:28.5	Two of the biggest retailers in the US.
0:31.4	Two pretty different stories.
0:34.8	And we'll start with the bigger one.
0:36.2	We'll start with Walmart, bigger company and bigger story.
0:40.1	First quarter profits for Walmart were much lower than expected.
0:43.1	Shares are down 10%.
0:46.0	And I know we don't really care about stock movement for any one given day.
0:50.9	I will point out, however, we don't really see that type of movement up or down with
0:56.7	this company.
0:58.5	And I get the impression, I'm sure this is not the impression Doug McMillan, the CEO
1:04.3	and his team are hoping to give.
1:06.8	But I'm sort of left with the impression that they seem surprised by the impact of inflation
1:14.8	on this quarter.
1:17.1	What did you think when you saw the results and the commentary from management?
1:20.8	Chris, I think, yeah, the other big retailers are taken aback by the pace of inflation,
	...

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