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Wal-Mart posts earnings of 98 cents a share vs. 88 cents expected (Target VERY worried)
CNBC ^ | 19 MAY 16 | CNBC Staff

Posted on 05/19/2016 4:21:51 AM PDT by DCBryan1

Edited on 05/19/2016 4:55:50 AM PDT by Admin Moderator. [history]

Wal-mart Stores reported quarterly earnings and revenue that beat analysts' expectations on Thursday.

The company posted first-quarter earnings per share of 98 cents, compared to $1.03 a share in the year-earlier period.

Revenue for the quarter came in at $115.9 billion, against the comparable year-ago figure of $114.83 billion.


(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Culture/Society; Extended News; News/Current Events
KEYWORDS: boycott; earnings; gaystapo; retail; target; walmart
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To: Texas Fossil

Lucky you! We are sorta rural, Kroger’s is the largest store, plenty of nail salons, and stores like Dollar Gen. Fred’s. But no malls. Nearest is a 2 hr round trip.

Since I wear twin hearing aids Malls are the last place I
want in and Wolf-Chase in Memphis is High Crime and a GUN FREE ZONE. Only when I’m forced to buy bras do I darken their door AFTER I pull my hearing aids out. If I could order online from Amazon I would. But like shoes they are not a consistent size so you have to try the suckers on just like shoes. There I’m limited to going to Easy Spirit online and ordering, few places carry size 5M.


21 posted on 05/19/2016 6:05:01 AM PDT by GailA (any politician that won't keep his word to Veterans/Military won't keep them to You!)
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To: samtheman

they don’t have the power to force you to accept perverts into your home (that, as yet, being an unsolved problem on the left).

**********************************************************

Either sex can use the bath room of their choice at my house. I’m kinda liberal that way.

Hint though, if visiting my house, I recommend that you avoid using the kid’s bath room.


22 posted on 05/19/2016 6:08:45 AM PDT by Graybeard58 (Crooked Hillary's going down and I aint talkin about, on Huma.)
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To: MamaTexan

Yes ours is back, but at 1/4th the size, you are lucky to find a clerk to cut fabric. Since I quit quilting 4 years ago because of hand arthritis I’ve not had much use for it. Plenty of fabric in the attic in sealed tubs. We downsized homes to a 1 story starter home, which 2 seniors can handle better than a big 2 story one. Scared me to death every time hubby climbed up on the roof to adjust his Ham antenna or make a repair he turns 77 in July and has High BP.

Now I can’t see to even thread a needle and the idiots who call themselves specialist can’t figure out what is causing the constant decline in it. Saw the Cornea specialist yesterday, all he could say is you have dry spots on your corneas, try this antibiotic ointment on your eye lids, spent the night with the lids BURNING bad. That is another drug for the reaction list. Will not repeat that again.


23 posted on 05/19/2016 6:12:47 AM PDT by GailA (any politician that won't keep his word to Veterans/Military won't keep them to You!)
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To: grania

It would have very little impact in this quarter, but it could have some about the last 3 weeks of that quarter.

It will be really felt in this next quarter, and if the boycott holds during the critical Christmas season, Target could be begging the banned Santa Clause bell ringers to come pray for them.


24 posted on 05/19/2016 6:13:10 AM PDT by xzins ( Free Republic Gives YOU a voice heard around the globe. Support the Freepathon!)
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To: GailA

Kroger also offers a 10% discount to seniors on Kroger store brand items. Saves a lot of money for we oldsters!


25 posted on 05/19/2016 6:18:46 AM PDT by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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To: alloysteel

Perhaps the hammer is just beginning to fall on Target. Their earnings per share was reported yesterday @ $1.29. Not bad but that has a lot to do with shuffling/selling assets and not a reflection of retail sales, which is weakening. From CNBC:
Target reported a lower-than-expected increase in sales at established stores as consumers spent more on big-ticket purchases like homes and cars than on discretionary items like apparel, a major source of revenue for department stores.

The Minneapolis-based company’s shares dropped more than 7 percent Wednesday. At Tuesday’s close, the stock had risen just 1.3 percent since the start of the year.

http://www.cnbc.com/2016/05/18/target-q1-earnings-report.html


26 posted on 05/19/2016 6:27:00 AM PDT by PeteePie (Righteousness exalts a nation, but sin is a reproach to any people - Proverbs 14:34)
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To: Buckeye McFrog

Live on CNBC, Kramer just said “target is doing something wrong and they need to reassess what they are doing”. He failed to mention the homosexual agenda.


27 posted on 05/19/2016 6:32:19 AM PDT by DCBryan1 (No realli, moose bytes can be quite nasti!)
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To: DCBryan1

Guys, Targets policy was in effect for 2 weeks before the end of last quarter, and the “Boycott” didn’t happen until a week or two after it was announced... settle down.

TGT is down because the economy is slowing, and when cashflows tighten folks move down the food chain, not up. If you aren’t getting as much overtime, you shop at cheaper stores... Wal Mart gained from this.. .however the global slowdown is hitting the entire segment.

Next quarter you will know if TGT is being affected. because if it is, it will be performing well outside the norm of the industry segment. This earnings quarter has zero from any boycott... August report is when you will see any effect from the boycott.

Relax, Target may be seeing it in its bottom line right now, but they don’t have to publicly report anything until August... so that’s when there can be no denying of impact if there is any.

So folks need to just commit to avoiding Target in large numbers... if you do, next quarter call/earnings will be disasterous... if folks don’t stick to their guns, it won’t be.


28 posted on 05/19/2016 6:39:14 AM PDT by HamiltonJay
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To: DCBryan1

Wonder if any of Target’s senior management shorted the stock through strawmen recently.


29 posted on 05/19/2016 6:41:28 AM PDT by PAR35
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To: janetjanet998

Target didn’t want to admit that it was the “Everyone’s Bathroom policy” that slowed business.

Oh, well, let them be dumb.

I won’t step into their stores.


30 posted on 05/19/2016 6:43:50 AM PDT by Salvation ("With God all things are possible." Matthew 19:26)
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To: DCBryan1

Target carries 22lr?


31 posted on 05/19/2016 6:44:07 AM PDT by Paladin2 (Live Free or Die.)
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To: samtheman

I don’t think so with the Christian foundation. Think Sam Walton.


32 posted on 05/19/2016 6:44:40 AM PDT by Salvation ("With God all things are possible." Matthew 19:26)
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To: Salvation

I hope you’re right. I really do.


33 posted on 05/19/2016 6:45:52 AM PDT by samtheman (Trump For America.)
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To: Grams A

Kroger discontinued one of the only senior grocery discounts offered in Texas http://bizbeatblog.dallasnews.com/2016/02/should-senior-get-discounts-at-the-grocery-store-kroger-discontinues-one-of-few-offered-in-texas.html/

Apparently they haven’t cut it off for folks that were already in the system, but as usual, those of us in the back half of the baby boom miss out.


34 posted on 05/19/2016 6:47:12 AM PDT by PAR35
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To: samtheman

True-—but for now, Target has just saved WM from a recent slide.


35 posted on 05/19/2016 6:49:09 AM PDT by LS ("Castles Made of Sand, Fall in the Sea . . . Eventually" (Hendrix))
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To: GailA

Yes, I know about inconsistent sizes. Ordered a pair of boots once on-line. Had bought the same brand several times. Georgia Boot. But they had offshored production to China, huge difference in size. Way too small. And very high heel, hard sole, heel spurs made me almost crippled. I gave them away.

Bought local since then.


36 posted on 05/19/2016 8:01:47 AM PDT by Texas Fossil ((Texas is not where you were born, but a Free State of Heart, Mind & Attitude!))
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To: grania
Target allowing perverts into ladies rest rooms and dressing rooms happened just a few weeks ago. Would it as of these reports impacted Targets profits?

Target has been making bad business decisions for a while now. For example, in 2013, they decided to expand into Canada, opening about 130 stores. Their Canadian stores lost about $1 billion the first year, causing Target to announce they were closing all of their stores in Canada less than two years after they first opened. As you've stated, Target's rest room policy is a new development, and therefore is not yet a factor in their recent difficulties. However, this insane policy, and the subsequent mass boycott of their stores, is certainly not going to help them going forward.

37 posted on 05/19/2016 8:18:31 AM PDT by GreenHornet
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To: PAR35

Interesting. Maybe there are just too many of you becoming eligible. Just shopped there yesterday and it still processed my 10% off Kroger brands. Because of the discount, given a choice of brands for an item I always buy Kroger. Did notice that many of their major savings kick in if you have their card and buy 5 of an item. They are the only store I know of that ever offered this discount.

Friend has a twenty-something college student granddaughter who constantly rails about the issue of senior discounts because “old people have all that money they will never live long enough to spend” so she thinks seniors should pay more. She is also strongly in support of Bernie, in spite of her grandmother’s teachings over the years.


38 posted on 05/19/2016 8:32:24 AM PDT by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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To: DCBryan1
Rush said something scary yesterday. He said these policies the leftists are pushing is to ultimately end private property.

See when private companies don't play along with the goverments perversion, notice they can only enforce a presidential decree on the public, government owned business, shcools, universities etc.

When BHO says it is all about being fair for all, then private companies may not be fair to all and so must be acquired to force compliance. Then it moves to even more private property, yours and my land and house.

The leftist hate citizens being able to own private property, business is part of that private property they don't always follow the dictates of government and so must be punished to the point of bankruptcy.

The beauracrat that inposed the $154,000 fine on Melissa Sweet cakes business is serving on the Oregon state labor board, so he can do this. He has just won the primary to run for Secretary of State and he is a nasty guy against private business or property.

39 posted on 05/19/2016 8:38:39 AM PDT by thirst4truth (America, What difference does it make?)
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To: GailA
Now I can’t see to even thread a needle and the idiots who call themselves specialist can’t figure out what is causing the constant decline in it.

Check your meds.

And no I am not saying that as a put down or sarcastically.

They put my husband on a new drug a month ago (as part of the hoop jumping we have to go though to get him back on the stuff that works) and he was watching a ball game when he realized he could not read what was on the screen. Yes, he has cataracts but they are not that bad so I looked up the side effects of the new pills. Presto! Blurry vision.

He is now off of it and his vision has started to clear up.

My mom has the same problem with gabapentin but not with pregabalin.

Medications and supplements can do some strange things.

40 posted on 05/19/2016 8:56:53 AM PDT by Harmless Teddy Bear (Proud Infidel, Gun Nut, Religious Fanatic and Freedom Fiend)
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