$TGT (Target Corp.)

$TGT {{ '2016-08-17T13:37:10+0000' | timeago}} • Webcast

Consumer Edge Research analyst David Schick questions about the competitive environment. $TGT says that it has seen a slowdown in retail sales growth on a rolling 12-month basis. In spite of this, the company intends to focus on leveraging its strategic levers, improve in-store experience, and to bring in the best of its Signature Categories.

$HRB {{ '2017-08-22T13:26:27+0000' | timeago}} • Announcement

Tax service provider $HRB has named Jeffrey Jones President and CEO, effective October 9, 2017.  Jones will succeed Tom Gerke, who will remain the general counsel. Most recently, Jones served as President of Ride Sharing at Uber. Earlier, he held various leadership positions at $TGT, including EVP and Chief Marketing Officer.

$WMT {{ '2017-08-17T11:24:55+0000' | timeago}} • Announcement

Multi-format retailer $WMT posted a 1.8% rise in US comparable sales in 2Q18 helped by strong traffic, marking the 12th consecutive growth. Profit plunged 23% annually to $2.9Bil, owing mainly to higher expenses, despite a 2.1% gain in revenues. Sales of Wal-Mart’s peers $TGT and $HD rose 6% and 2% respectively in their most recent quarter.

$TGT {{ '2017-08-16T13:31:07+0000' | timeago}} • Webcast

$TGT is all set to expand the same-day delivery service to more locations in the New York in the fall. The company continues to invest in its digital back-to-school platform, and expects overall capital expenditure to be in the $2-$2.5Bil range in fiscal 2017 and around $3Bil in 2018. In 3Q17, EBIT is estimated to decrease by $230MM.

$TGT {{ '2017-08-16T13:01:57+0000' | timeago}} • Webcast

$TGT said traffic rose more than 2% in 2Q17, exceeding expectations, and the growth was broad-based. In the first half of 2017, store-pickup volumes rose more than 30%. The company is investing in system enhancement in store operations. Target intends to launch new brands in the coming quarters, and expects around 300 store transformations in 2018.

$TGT {{ '2017-08-16T12:05:34+0000' | timeago}} • Infographic

$TGT Target Corp. Earnings AlphaGraphics: Q2 2017 Highlights

$TGT {{ '2017-08-16T11:07:21+0000' | timeago}} • Announcement

$TGT expects its comparable store sales for 3Q17 and 4Q17 to grow within the growth range recorded in the first two quarters of 2017. Full year comparable store sales are seen rising in a range around flat, plus or minus 1%.

$TGT {{ '2017-08-16T11:04:08+0000' | timeago}} • Announcement

For 3Q17, $TGT expects both GAAP EPS from continuing operations and adjusted EPS in the range of $0.75 to $0.95. For fiscal 2017, the company currently estimates GAAP EPS from continuing operations to be in the range of $4.35 to $4.55, and adjusted EPS between $4.34 and $4.54, higher than the previous outlook of $3.80 to $4.20.

$TGT {{ '2017-08-16T10:53:34+0000' | timeago}} • Announcement

Merchandise retailer $TGT reported a 1.3% growth in comparable store sales in 2Q17, helped by an increase in traffic both in stores and digital channels. Sales rose 1.6% YoY to $16.43BIl. Net income dropped 1.2% to $672MM, while earnings per share rose to $1.22. ON a non-GAAP basis, earnings were $1.23 per share, unchanged from last year.

$BAX {{ '2017-07-17T20:58:53+0000' | timeago}} • Announcement

$BAX appointed Cathy Smith, EVP and CFO of $TGT, to its BoD, bringing the total number of directors serving the company at this time to 13. Smith now also serves on $BAX's Audit Committee.

$KIM {{ '2017-07-12T15:14:26+0000' | timeago}} • Announcement

$KIM has signed a lease with $TGT for a 48,000-square-foot, small-format store at Westmont Plaza in Haddon Township, New Jersey, set to open in July 2018. The addition of Target is the first step in a larger repositioning of the 173,000-square-foot, open-air center. The store will also offer a CVS Pharmacy and Target’s Order Pickup service.

$TGT {{ '2017-05-17T13:15:55+0000' | timeago}} • Webcast

$TGT saw strengthening in sales during the latter half of February into March and April but the comps for 1Q17 were still down. The company saw market share gains in important signature categories. $TGT will focus on market share opportunities throughout 2017.

$TGT {{ '2017-05-17T12:58:09+0000' | timeago}} • Webcast

$TGT will continue to invest in store labor and in the growth of its digital business throughout the balance of 2017. The overall focus is to see traffic patterns grow in stores, improve and accelerate the digital performance, capture market share, build and invest in brands and improve value proposition.

$TGT {{ '2017-05-17T12:36:41+0000' | timeago}} • Webcast

During 1Q17, $TGT’s ship-from-store volume was more than double last year’s amount, accounting for 27% of digital sales. This growth was partially driven by approx. 600 ship-from-store locations added since last year.

$TGT {{ '2017-05-17T12:35:35+0000' | timeago}} • Infographic

$TGT Target Corp. Earnings AlphaGraphics: Q1 2017 highlights

$TGT {{ '2017-05-17T12:25:11+0000' | timeago}} • Webcast

In 1Q17, $TGT completed 21 existing store remodels and opened four new small format locations. For 2017, the company is on track to deliver its goal to complete 100 remodels and add 30 small format stores.

$TGT {{ '2017-05-17T12:22:28+0000' | timeago}} • Webcast

$TGT's overall traffic declined nearly 1% in 1Q17 and comp sales in both essentials and food and beverage were down. In the digital channel, sales increased 22%. The company invested $500MM of capital in 1Q17 and is on track to invest more than $2Bil in 2017.

$TGT {{ '2017-05-17T11:17:21+0000' | timeago}} • Announcement

In 1Q17, $TGT repurchased 4.9MM shares of common stock at an average price of $61.68, for a total investment of $305MM. The company also paid dividends of $332MM, compared with $336MM in 1Q16.

$TGT {{ '2017-05-17T11:15:28+0000' | timeago}} • Announcement

For 1Q17, $TGT's digital channel sales grew 22% and contributed 0.8 percentage points of comparable sales growth. Segment EBIT was $1.17Bil, a decrease of 11% YoY.

$TGT {{ '2017-05-17T11:11:32+0000' | timeago}} • Announcement

In 2Q17, $TGT expects low single digit decline in comparable sales, and both GAAP EPS from continuing operations and adjusted EPS of $0.95-1.15. For FY17, it continues to expect a low single digit decline in comparable sales.

$TGT {{ '2017-05-17T11:08:21+0000' | timeago}} • Announcement

Discount store retailer $TGT reported 1.3% decline in comparable sales in 1Q17, driven by small declines in both traffic and basket size. Total sales edged down 1.1% to $16Bil during the quarter. However, net earnings rose to $681MM, or $1.23 per share, compared to $623MM or $1.05 per share in 1Q16. Excluding items, $TGT earned $1.21 per share.

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