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MarketFoolery

Wayfair, Chegg, and Shake Shack

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 5 May 2020

⏱️ 22 minutes

🧾️ Download transcript

Summary

Wayfair rises thanks to big earnings and brisk sales of office furniture and cookware. Chegg surges on strong growth of its educational technology solutions. And Shake Shack reports a sharp decline in same-Shack sales. Motley Fool analyst Jason Moser weighs in on those stories and offers some advice for building a home office.

Transcript

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0:00.0

It's Tuesday, May 5th.

0:03.6

Welcome to Market Fulroy.

0:04.8

I'm Matt Creer and joining me from his home in Northern Virginia

0:08.2

is Jason Moser.

0:09.4

Jason, Happy Cinco de Mayo.

0:11.6

Happy Cinco de Mayo indeed. I think man I might make some enchiladas tonight. I'm not sure what are you guys going to do?

0:18.3

You know I think that's the move and I was also thinking about maybe picking up some margarita mix from one of our local establishments.

0:25.6

That way you support kind of the struggling local restaurant and you know you get a good margarita out of it.

0:31.3

So win.

0:32.3

Yeah, I love that. That's a good margarita out of it. So win. Yeah, I love that.

0:33.3

That's a good idea.

0:34.8

Well, a little later, we're going to talk some Shake Shack

0:37.2

and we will also talk about Cheg,

0:39.2

which is in the business of education

0:41.7

and really online and educational technology business is good for Chegg.

0:46.0

Not so much for Shake Shack and we'll get to that.

0:49.0

But let's kick things off with Wayfair, the Home Furn and Home Decore e-commerce retailer, shares of

0:55.8

Wayfair up 20% on better than expected revenues.

0:59.6

Now, Jason, they are doing a big business in office furniture perhaps not surprisingly and

1:05.2

cookware now they reported 21.1 million active customers that's up 29% from a year ago. So that all sounds good and so it's a bit surprising

1:17.0

Jason for I think a lot of people when they discover that Wayfair is actually

1:21.8

losing money.

...

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