Seeking Alpha

More from Target's Q2 earnings call

  • Questions on Canada dominate Target's Q&A session with analysts after the Q2 results in the nation disappointed. Execs think seasonal clearances and a learning curve in store execution could cause gross margin rates to fluctuate, but long-term margin assumptions are still solid.
  • Target (TGT -3.9%) doesn't see a meaningful pickup in same-store sales in the U.S. during H2, a 1% forecast is offered vs. 2%-2.5% prior.
  • For 2014, the retailer expects to see significant improvement in profitability for Canada although a full-year loss is still likely. Inventory issues will have to be worked through.
  • The higher average basket size the retailer saw in Q2 is tied to more back-to-school shopping for higher-priced items and softer sales for incidental items near checkout lines.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|