Posted on 02/28/2017 4:16:18 AM PST by simpson96
Target reported sales and earnings that missed Wall Street's expectations on Tuesday, in what was a disappointing holiday quarter for the big-box retailer. At the same time, the retailer issued an outlook for fiscal year 2017 that fell well short of analysts' expectations.
Here's how the company did:
—EPS: $1.45 per share, excluding items, versus $1.51 per share expected by Thomson Reuters analysts' consensus. —Revenue: $20.69 billion versus $20.7 billion expected by Thomson Reuters. —Same-store sales: A decline of 1.5 percent versus the 1.4 percent decline expected by FactSet.
A year earlier, Target earned $1.52 a share on $21.6 billion in revenue. The retailer's sales decline is partly attributable to the sale of its pharmacy business to CVS in December 2015. That pressure, however, is not the only reason the discounter is struggling to keep up with Wal-Mart.
The company's shares fell 12 percent in premarket trading.
Brian Cornell, CEO, Target
(Excerpt) Read more at cnbc.com ...
Ok! You got me!
That was funny and thanks for brightening my day!
,,,,, so you feel guilty walking by the S/A bucket ,,, who cares ,,,, just look the other way ,,, the S/A does good God’s work ,, ease up .
I care P A L, I mean if you don't mind. I have no problem with the Salvation Army. I don't have a problem with them all over NYC street corners at Christmas time. I do have a problem with stores that knuckle under to people/organizations who want to solicit donations at the entrances/exits to/from their stores.
ML/NJ
I liked Gibsons back in the day. Remember my dad walking in, picked out a pistol,paid cash and walked out. What freedoms we have lost. It had good fishing rods to.
I think Sam Walton basically cloned Gibson stores at first. They just had "Walmarpailin them instead...lol
Just make sure you don’t spend a penny over the 10
Salvaging n army doesn’t bother me but letting kids sell items is difficult to avoid. If possible I exit a different door to avoid the Girl Scouts
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