A Good Day to Be Selling Luxury -- but Not Furniture Online
On this Market Foolery podcast, host Chris Hill is joined by Million Dollar Portfolio's Jason Moser to discuss a handful of companies that recently turned in their quarterly earnings reports. Wayfair (NYSE: W) shares took a hit, but Chris and Jason aren't sure the reaction was justified. Michael Kors (NYSE: KORS) and Ralph Lauren (NYSE: RL) bounced after showing how they're navigating this challenging retail environment. What both Jason and Chris agree is unjustifiable, though, is the odd way that Shake Shack (NYSE: SHAK) tweaks its reporting metrics -- they want the 100% pure beef, please.
A full transcript follows the podcast.
Source: Fool.com