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 ...
Target, Target.
DEFUND totalitarian collectives, foreign and domestic.
I wonder when the shareholders tender a vote of no-confidence....
And the next quarterly report will show an increase in sales as they juice the numbers by slashing prices to draw in customers. But the bottom line will reflect the margin squeeze.
You’re not counting the sympathetic enablers in our midst. That’s probably a much larger number than the actual T population.
Guys, calm down, this is for the quarter ending at the end of April... boycott had nothing to do with this, the entire sector is down because the global economy is slowing down. Next quarter is the one where you will see if the boycott has an impact... assuming of course TGT does noticeably worse than the rest of the sector... this quarter, their report is pretty much in line with everyone else.
Target needs to explain to me how weather has an effect on the need to purchase groceries.
Hot, cold, sunshine, or raining, people still gotta eat.
Could it just be that those hungry people found some other place to purchase their groceries?
Exactly, next quarter will be where you can see if the boycott had any impact... this quarter only had 2 weeks after the policy was announced.. TGT missed earnings like most of the sector did/will because the global economy is slowing down.... TGT must underperform the industry to claim the boycott is working, and if that happens it will be noticeable in their next earnings call in August.
Target company stock drops another 6.70 a share today,down to 66.89 a share.They were at 86.00 a share 1 month ago.What is the difference?Oh thats right Target decided transgenders,pedophiles and perverts were more important than 99.7 percent of thier shoppers.Thats a loss of 20.00 a share or a loss of 20 billion dollars.Go Target!
Beautiful, Effin Beautiful!
Target is going down. Good for the social justice wonks.
Anyone taking young children to Target for school clothes should be arrested for child abuse...
I’m still boycotting for their firearm policy. Either way, it is refreshing to see them start circling the bowl a little more rapidly. The suction will take them eventually.
I used to like Target OK, before they spruced up the store and got glitzy. Got some great bargains on end-of-the-aisle closeout merchandise. Now it’s ho-hum.
I used to like Target OK, before they spruced up the store and got glitzy. Got some great bargains on end-of-the-aisle closeout merchandise. Now it’s ho-hum.
$83.00 on April 18
$83/share on April 18th (thank you SMGFan). $68 today. What's happened between then & now? I would venture a guess we should see even worse come 2nd quarter reporting. That's when we will ultimately know what kind of impact the boycott has had.
High 84.69 on Jul 17, 2015 5 year high
68.05 Feb 10th 2016
because of unseasonable weather and weaker demand for electronics and groceries
Yep, that must be it.
Elsewhere:
The RMS Titanic capsized and sank due to the unforeseen destabilizing effect of reorganizing its deck chairs.
The explanations provided did not mention the bathroom controversy. It’s pretty obvious that their sales have been affected by that. Isn’t that misleading their investors? Perhaps they should be investigated for providing false statements in their financial reporting.
Macy’s uses the same weather excuse, when they closed a bunch of stores.
Yes you can track the stock drop by date. That is a freaking huge amount... I bet if you compare when their credit cards were compromised they didnt see this much of a drop.
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