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Target shares plunge after sales miss estimates
Reuters ^ | 05.18.2016 | Nandita Bose

Posted on 05/18/2016 11:06:28 AM PDT by dware

Target Corp gave a cautious outlook on Wednesday after reporting a lower-than-expected increase in quarterly sales at established stores because of unseasonable weather and weaker demand for electronics and groceries.

Shares of the company fell as much as 11 percent, their biggest intraday decline since December 2008, as investors shrugged off higher-than-expected earnings. The stock was down 7.1 percent at $68.27 in the early afternoon.

(Excerpt) Read more at in.reuters.com ...


TOPICS: Business/Economy; Culture/Society; Miscellaneous; News/Current Events
KEYWORDS: bathroomwars; good; hah; ilaugh; perversion; target; targetboycott; targetstock; transgendergraphic
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To: dware

21 posted on 05/18/2016 11:18:26 AM PDT by Theo (No tagline for now.)
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To: ealgeone

their earnings were up in spite of sales being off.
I think the reason for the stock dropping is that those who are holding target stock are selling the stock. so it’s supply and demand.


22 posted on 05/18/2016 11:18:35 AM PDT by Palio di Siena
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To: dware
How does Target's recent sales figures compare to those of other retailers (WalMart, etc.)? That would tell you if the boycott has teeth or not.
23 posted on 05/18/2016 11:19:17 AM PDT by Leaning Right (Why am I holding this lantern? I am looking for the next Reagan.)
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To: dware
I'd bet the ranch that THIS is most of the reason for the decline in Target's business!

Although this – ahh – person spends more time at Walmart, if he finds his way to Target, THEIR policy allows him into the bathroom with YOUR daughter. At least, so far as I know, Wally World hasn't caved – but it's still early!

 photo LET ME IN WITH YOUR DAUGHTER_zpsfj7fgpdg.jpg

24 posted on 05/18/2016 11:19:29 AM PDT by Dick Bachert (This entire "administration" has been a series of Reischstag Fires. We know how that turned out!)
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To: bigdaddy45
because their earnings sucked.

Because 2nd Amendment advocates stopped supporting them a while back, and now normal, decent Americans are not supporting them either.

25 posted on 05/18/2016 11:19:32 AM PDT by dware (I don't care what bathroom they use, as long as it's in the nuthouse, where they belong)
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To: Mount Athos

The reason is that the numbers reported were for the previous quarter before the very recent flap over bathrooms

the nascent boycott had no effect either


26 posted on 05/18/2016 11:19:41 AM PDT by bert ((K.E.; N.P.; GOPc;+12, 73, ....Opabinia can teach us a lot)
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To: bigdaddy45

Shoppers could have been forward looking....


27 posted on 05/18/2016 11:22:25 AM PDT by Paladin2 (Live Free or Die.)
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To: bigdaddy45
These are quarterly earnings. Targets quarter runs Feb-Apr. They didn’t even announce the policy until the end of April.

That may be true, but stock sales often follow perception, so if the investing public perceives the new policy and resulting boycott as affecting stock price negatively, we could see a drop simply as a result of that.
28 posted on 05/18/2016 11:22:28 AM PDT by fr_freak
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To: dware

we usually purchase a nice large gift certificate to Target for my mother as a Mothers Day gift...not this year..i did my part...


29 posted on 05/18/2016 11:24:11 AM PDT by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: fr_freak

I’m not doubting that the boycott will have an impact. I won’t even go into a Target now. But their stock dropped because they had a big earnings miss. The boycott impact, if there is one, will start to hit now. But analysts will never mention it because they don’t recognize “boycotts” as something they can predict. Quite frankly, their heads are too firmly stuck in the sand.

Next quarter should be interesting.


30 posted on 05/18/2016 11:26:37 AM PDT by bigdaddy45
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To: dware
reporting a lower-than-expected increase in quarterly sales at established stores because of unseasonable weather and weaker demand for electronics and groceries.

Two conclusions to draw: Not all Target stores have roofs...and people have decided to stop eating.

31 posted on 05/18/2016 11:26:56 AM PDT by Cowboy Bob
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To: dware

My homophobic money is afraid to go to Target so I take it elsewhere.


32 posted on 05/18/2016 11:27:35 AM PDT by MeganC (The Republic of The United States of America: 7/4/1776 to 6/26/2015 R.I.P.)
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To: dware

Is that why their stock was almost at an all time high a few months back?

The gun boycott has had a minimal impact at best. The tranny toilet impact will be considerably larger.


33 posted on 05/18/2016 11:27:49 AM PDT by bigdaddy45
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To: bigdaddy45
Unless they are playing accounting games with timing recognition of revenue to try to hide a revenue hole in the next quarter due in part to revenue hits from their transgender policy
34 posted on 05/18/2016 11:31:00 AM PDT by rdcbn ("If what has happened here is not treason, it is its first cousin." Zell Milleraere)
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To: dware

If these are first quarter stats, the trans bathroom issue probably isn’t a factor. That would show up in the second quarter.


35 posted on 05/18/2016 11:33:24 AM PDT by Jedidah
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To: Mount Athos

not a word


36 posted on 05/18/2016 11:36:13 AM PDT by Walkingfeather
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To: dware

You know what’s interesting - haven’t seen any articles about the sexual deviants making demonstrations at Target over the bathrooms.

Like there wasn’t a parade and fanfare as a dozen or so tranny’s used the women’s room.

Or did I miss the event coverage?

Makes you kind of wonder what the real *need* was for Target to do this.


37 posted on 05/18/2016 12:03:08 PM PDT by ConservativeWarrior (Fall down 7 times, stand up 8. - Japanese proverb)
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To: bigdaddy45

Targets quarter runs Feb-Apr. They didn’t even announce the policy until the end of April. Any impact won’t show up until the next earnings report.


Good, hopefully things will get much worse for them. What were they thinking? Transgenders comprise a handful of people so their business plan is to appease them and forget about the other millions. What stupidity!


38 posted on 05/18/2016 12:04:56 PM PDT by New Jersey Realist (Home of the Free Because of the Brave)
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To: dware

39 posted on 05/18/2016 12:07:24 PM PDT by DungeonMaster (the devil walks about like a roaring lion, seeking whom he may devour.)
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To: dware

Obama’s legacy — men in women’s restrooms.


40 posted on 05/18/2016 12:19:05 PM PDT by Salvation ("With God all things are possible." Matthew 19:26)
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