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 ...
BWAAHAHAHAHAHAAH!!!
Inconceivable!
Unexpected!
Next thing I'll hear is that we've been in recession, and nobody in the MSM had mentioned that.
It would make Obama look bad.
And we know that can't possibly be reported.
I would believe the bad weather version before I believe that people are demanding fewer groceries. Unless of course SNAP is reducing benefits. Then it would be a fact.
Target is a great store. I just so happens a few people at the top are liberal idiots. I don’t know how these folks keep there jobs quite frankly.
Target is following the lead taken by J.C. Penny. Look where J.C. Penny is today from where it was before the pro homo stance.
Down about 17% in the last month.
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