WMT vs. DLTR vs. DG vs. BIG vs. TGT

 

Target (TGT) reported earnings on Tue 2 March 21 (b/o)

** charts after earnings **  

 

 

 

 

 

Target beats by $0.13, beats on revs

Reports Q4 (Jan) earnings of $2.67 per share, $0.13 better than the S&P Capital IQ Consensus of $2.54; revenues rose 21.0% year/year to $28 bln vs the $27.42 bln S&P Capital IQ Consensus.

• Comparable sales grew 20.5 percent, reflecting comparable traffic growth of 6.5 percent and a 13.1 percent increase in average ticket.
• Store comparable sales increased 6.9 percent. Digital comparable sales grew 118 percent, accounting for two-thirds of the Company's overall comp growth.

Fiscal 2021 Guidance - In the first quarter of 2020, the Company withdrew its guidance, in light of the highly fluid and uncertain outlook for consumer shopping patterns and the impact of COVID-19. In the face of continued uncertainty, the company is not providing sales and EPS guidance for Fiscal 2021 and beyond.

Earnings this week : March 1 - 5, 2021 (wk 9)

Monday (Mar 1)

• Morning: AI  ASTE BHVN CDLX CWEN CORE CVET XRAY EBIX EVTC THRM HGV HNI MGLN MIDD NOVT NRG PRGO RETA SSYS TGNA QURE XHR
• Afternoon: DDD AEGN AMBC CYRX FGEN HLIO INO INSG IPAR LMND MBI MELI NIO NVAX OOMA OSUR PLYA RGNX RPAY SRPT SGMS SILK SWCH ZM

Tuesday (Mar 2)

• Morning: ANF AER AZO BSY CHS DIN TILE IGT KSS KTB LL SE TGT
• Afternoon:  AMBA BGS BOX DAR FUBO GO HPE MRVI JWN ROST URBN VEEV

Wednesday (Mar 3)

• Morning:  DLTR DY EYE PDCO STLA WEN
• Afternoon:  AEO DSGX JEF MRVL OKTA RRGB SNOW SQM SPLK TCOM VRM YEXT

Thursday (Mar 4)

• Morning: BZUN BJ BURL CNQ CRAI CIEN GCP GMS JW.A KR MEI MIK PRPL SDGR FOUR TTC
• Afternoon:  AQN AVGO CERT CHUY COO COST FLGT GPS GWRE IMAX JAMF MDLA OPEN NX WORK SDC SWBI

Friday (Mar 5)  

• Morning:  BIG GSX HIBB

Target (TGT) reported earnings on Wed 19 Aug 20 (b/o)

** charts after earnings ** 

Target beats by $1.71, beats on revs; Q2 comps increased 24.3% yr/yr

Reports Q2 (Jul) earnings of $3.35 per share, $1.71 better than the S&P Capital IQ Consensus of $1.64; revenues rose 24.7% year/year to $22.98 bln vs the $20.11 bln S&P Capital IQ Consensus.

Second quarter comparable sales grew 24.3 percent, the strongest the Company has ever reported.

• Store comparable sales increased 10.9 percent. Digital comparable sales grew 195 percent, accounting for 13.4 percentage points of Target's comparable sales growth.
• Stores fulfilled more than 90 percent of Target's second quarter sales.
• Same-day services (Order Pick Up, Drive Up and Shipt) grew 273 percent and accounted for approximately 6 percentage points of total Company comparable sales growth.

Fiscal 2020 Guidance - During the first quarter, the Company withdrew its guidance given the unusually wide range of potential outcomes, in light of the highly fluid and uncertain outlook for consumer shopping patterns and government policies related to COVID-19.

Earnings this week : August 17 - 21, 20 (wk 34)

Monday (Aug 17)

• Morning: JD
• Afternoon: BEST FN

Tuesday (August 18)

• Morning: AAP AMCR GDS HD KC KSS LX SE SFL WMT
• Afternoon: ATGE A CREE JKHY LZB SUPN

Wednesday (August 19)

• Morning: ADI LOW TGT TJX VIPS
• Afternoon: LB NDSN NVDA SQM SNPS

Thursday (August 20)

• Morning: BABA BJ EL MLCO
• Afternoon: KEYS OSIS ROST

Friday (August 21)

• Morning: BZUN BKE DE FL PDD 

*****

Earnings spotlight: 

• JD.com (NASDAQ:JD) on August 17; 
• Walmart (WMT), Home Depot (HD), Kohl's (NYSE:KSS), Advance Auto Parts (NYSE:AAP) and Toll Brothers (NYSE:TOL) on August 18; 
• Lowe's (LOW), Target (TGT), TJX Companies (NYSE:TJX), Nvidia (NASDAQ:NVDA) and L Brands (NYSE:LB) on August 19; 
• Alibaba (NYSE:BABA), BJ's Wholesale (NYSE:BJ), Estee Lauder (NYSE:EL), and Ross Stores (NASDAQ:ROST) on August 20 and 
• Buckle (NYSE:BKE), Foot Locker (NYSE:FL) and Deeere (NYSE:DE) on August 21.

=Target (TGT) : holiday sales fell short of forecasts

After a highflying 2019, Target’s holiday season results came in below expectations.

The company said same-store sales grew 1.4% in November and December, below Wall Street’s consensus estimate at 3.7%. The company’s outlook called for growth between 3% and 4%.

Target stock (ticker: TGT) was down 6.2% at $117.49, while the Dow Jones Industrial Average was off 0.1%. The stock had gained about 85% year over year through Tuesday’s close, proving that retail stocks could still pop in the so-called retail apocalypse.

The retailer cited weaker-than-expected sales in the key electronics and toys categories, as well as portions of the home category. Combined, they amount to about one-third of holiday-season sales.

-=Amazon.com (AMZN) eliminates its $14.99 monthly fee for grocery delivery to Amazon Prime members

The shares of some grocery sellers fell Tuesday, in the wake of Amazon.com Inc.'s (AMZN) announcement that it was eliminating its $14.99 monthly fee for grocery delivery to Amazon Prime members.

Kroger Co. (KR) dropped 1.4%, after closing Monday at a 4-week high.
Sprouts Farmers Market (SFM, -1.38% fell 0.6%, Target Corp. TGT, -0.98% slipped 0.2% and Walmart Inc. WMT, -1.07% lost 0.4%, while Costco Wholesale Corp. COST, -0.22% inched up less than 0.1%. Amazon shares eased 0.2%.

AMZN,KR,SFM,TGT,COST,WMT

Target (TGT) reported earnings on Wed 21 Aug 2019 (b/o)

** charts before earnings ** 

 

** charts after earnings **

Target beats by $0.20, reports revs in-line; guides Q3 EPS in-line; raises FY20 EPS guidance; Q2 comps +3.4% 

Reports Q2 (Jul) earnings of $1.82 per share, excluding non-recurring items, $0.20 better than the S&P Capital IQ Consensus of $1.62; revenues rose 3.6% year/year to $18.42 bln vs the $18.32 bln S&P Capital IQ Consensus.

Second quarter comparable sales grew 3.4%,driven by 2.4% traffic growth. Comparable sales have grown approximately 10% over the last two years - the best performance in more than a decade. Second quarter comparable digital channel sales grew 34%. Same-day fulfillment services (Order Pick Up, Drive Up and Shipt) accounted for nearly 1.5 percentage points of the Company's overall comparable sales growth. 

Second quarter gross margin rate was 30.6%, compared with 30.3% in 2018, reflecting the benefit of merchandising efforts to optimize costs, pricing, promotions and assortment, combined with the benefit of favorable category sales mix.

Co issues in-line guidance for Q3, sees EPS of $1.04-1.24, excluding non-recurring items, vs. $1.17 S&P Capital IQ Consensus.

Co issues raised guidance for FY20, sees EPS of $5.90-6.20 from $5.75-6.05, excluding non-recurring items, vs. $5.94 S&P Capital IQ Consensus.

For both the third quarter and second half of 2019, Target expects comparable sales growth in line with the 3.4% comparable sales growth the company delivered in the second quarter of 2019.

Earnings this week : Aug 19 - 23, 19 (wk 34)

Monday (Aug 19)

• Morning: EL  QIWI  SINA  WB
• Afternoon: BIDU FN IQ

Tuesday (Aug 20)
Morning: CMCM HD KSS MDT MSG PINC PLAB PPDF SDRL SE SFL TJX

• Afternoon: AMCR CREE JKHY LZB NDSN SCSC TOL URBN

Wednesday (Aug 21)

• Morning: ADI BZUN KLXE LOW MSGN PLCE   PDD  RY TGT VIOT
• Afternoon: HTHT JWN KEYS LB PSTG QADA SNPS  SPLK WUBA ZAYO

Thursday (Aug 22)

• Morning: BJ CM DKS FLWS FLY GSX  HMLP HRL TTC
• Afternoon: ATGE CRM GPS HPQ INTU ROST VMW

Friday (Aug 23) 

• Morning: BKE  FL HIBB

Notable earnings reports:

• Baidu (NASDAQ:BIDU) and Estee Lauder (NYSE:EL) on August 19; 
• Home Depot (HD), TJX Companies (NYSE:TJX), Toll Brothers (NYSE:TOL), Urban Outfitters (NASDAQ:URBN) and Kohl's (NYSE:KSS) on August 20; 
• Splunk (NASDAQ:SPLK), Target (NYSE:TGT), Nordstrom (NYSE:JWN), Lowe's (LOW) and Analog Devices (NASDAQ:ADI) on August 21; 
• Salesforce.com (NYSE:CRM), VMWare (NYSE:VMW), HP Inc. (NYSE:HPQ), Gap (NYSE:GPS) and Dick's Sporting Goods (NYSE:DKS) on August 22; 
• Foot Locker (NYSE:FL) on August 23.

This week's biggest % winners & losers : May 20 - 24, 19 (wk 21)

The following are this week's top percentage gainers and losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top % gainers

• Healthcare: KPTI (6.19 +33.41%), ARRY (27.09 +23.92%), ARWR (24.04 +23.54%), IOVA (17.25 +14.77%)
• Materials: SID (4.25 +14.86%)
• Industrials: CIR (43.4 +39.55%), GOL (12.27 +23.69%)
• Consumer Discretionary:  HIBB (23.96 +23.82%), SKY (25.6 +16.63%), TGT (81.57 +15.07%), BOOT (30.1 +14.27%), ROKU (95.78 +13.98%)
• Information Technology: TSS (113.45 +11.99%), DQ (36.56 +11.57%)
• Financials: IBN (12.42 +13.22%), SUPV (5.9 +11.53%)
• Consumer Staples: AVP (3.7 +19.35%)
• Utilities: PAM (26.02 +14.52%)

This week's top % losers

• Healthcare: BCRX (3.32 -54.71%), MNK (9.61 -34.54%)
• Materials: VHI (1.81 -19.56%)
• Consumer Discretionary: KSS (51.12 -19.62%), FL (44.4 -19.57%), SCVL (26.83 -16.96%)
• Information Technology: PSTG (16.14 -21.73%), QCOM (66.21 -18.76%)
• Energy: NBR (2.35 -31.69%), SDRL (5.5 -24.35%), SPN (1.92 -22.58%), CRC (16.83 -20.84%), ESV (8.63 -20.53%), PUMP (18.81 -19.41%), CPE (6.81 -16.75%), TUSK (11.74 -16.62%)
• Consumer Staples: RAD (7.34 -19.61%)

Target (TGT) reported earnings on Wed 22 May 2019 (b/o)

** charts before earnings ** 

• 5/21  #97   vol.  5.7M  

 

** charts after earnings **

Target beats by $0.10, reports revs in-line, Q1 comps +4.8% yr/yr; guides Q2 EPS in-line; guides FY20 EPS in-line

• Reports Q1 (Apr) earnings of $1.53 per share, $0.10 better than the S&P Capital IQ Consensus of $1.43; revenues rose 5.0% year/year to $17.63 bln vs the $17.49 bln S&P Capital IQ Consensus.
  • Q1 comparable sales grew 4.8 percent on traffic growth of 4.3 percent.
• Co issues in-line guidance for Q2, sees EPS of $1.52-1.72 vs. $1.59 S&P Capital IQ Consensus.
  • Target expects second quarter comparable sales growth in the low- to mid-single digit range
• Co issues in-line guidance for FY20, sees EPS of $5.75-6.05 vs. $5.84 S&P Capital IQ Consensus.
  • For full-year 2019, Target continues to expect a low- to mid-single digit increase in comparable sales

Earnings this week : May 20 - 24, 19 (wk 21)

Monday (May 20)

• Morning: AZZ IGT PDD QD SPTN
• Afternoon: NDSN

Tuesday (May 21)

• Morning: AZO DAVA DY EV HD JCP KSS MNRO SFL TJX
• Afternoon: CRMT JWN OOMA PSTG SE SKY TOL URBN

Wednesday (May 22)

• Morning: AAP ADI CM CSWI LOW PLAB TGT VFC
• Afternoon: CPRT CTRP HTHT LB MOD NTAP SCVL SNPS VIPS

Thursday (May 23)

• Morning: BBY BJ BRC CTRN HRL MDT ROLL RY SDRL SINA TD TK TNK TTC VIOT WB WMS
• Afternoon: ADSK CVCO DECK DXC HPE HPQ INTU LGF.A ROST SPLK VSAT

Friday (May 24) 

• Morning: BKE FL HIBB

TGT — is it a buy?

• Nov. 27:  #44;  Is TGT a buy?

• Six months later

Target (TGT) reported earnings on Tue 20 Nov 2018 (b/o)

** charts before earnings ** 

** charts after earnings **

 

Target misses by $0.02, misses on revs; reaffirms FY19 EPS guidance 

• Reports Q3 (Oct) earnings of $1.09 per share, $0.02 worse than the S&P Capital IQ Consensus of $1.11; revenues rose 5.7% year/year to $17.59 bln vs the $17.81 bln S&P Capital IQ Consensus.
  • Comparable traffic growth of 5.3 percent and comparable sales growth of 5.1 percent were driven by healthy increases in both stores and digital channels.
  • Third quarter comparable digital channel sales grew 49 percent, contributing 1.9 percentage points to comparable sales.
• Co reaffirms guidance for FY19, sees EPS of $5.30-5.50 vs. $5.42 S&P Capital IQ Consensus.
  • For the fourth quarter, Target expects comparable sales growth of approximately 5 percent, consistent with the Company's year-to-date performance through third  quarter 2018

Earnings this week : Nov 19 - 23, 18 (wk 47)

Earnings confirmed to report this week

Monday (Nov 19) 

• Morning: JD SPB
• Afternoon: A BECN BRKS GH INTU JACK KLIC LB NUAN PSTG URBN

Tuesday (Nov 20)

• Morning: ADI BBY BKS CPB DY HRL JEC KSS LOW MDT MMS NJR PDD ROST SFL TGT TJX
• Afternoon: ADSK BILI BJ CAL CPRT ESL FL GPS KEYS QADA SE

Wednesday (Nov 21)

• Morning: BZUN CMCM DAKT DE QD
• Afternoon: None

Thursday (Nov 22)

• Markets closed for Thanksgiving

Friday (Nov 23)

• None

=Target (TGT) reported earnings on Wed 23 May 18 (b/o)

Target misses by $0.07, beats on revs, comps +3%; guides Q2 EPS in-line; reaffirms FY19 EPS guidance 

• Reports Q1 (Apr) earnings of $1.32 per share (guided for $1.25-1.45), excluding non-recurring items, $0.07 worse than the Capital IQ Consensus of $1.39; revenues rose 3.4% year/year to $16.78 bln vs the $16.58 bln Capital IQ Consensus.
• Q1 comps +3% vs. guidance for low-single digit increase; traffic +3.7%
• First quarter operating income margin rate was 6.2 percent, compared with 7.1 percent in 2017. First quarter gross margin rate was 29.8 percent, compared with 30.0 percent in 2017, reflecting pressure from digital fulfillments costs and sales mix, partially offset by the benefit of the Company's cost saving efforts and the net impact of changes to the Company's pricing and promotions.
• Co issues in-line guidance for Q2, sees EPS of $1.30-1.50, excluding non-recurring items, vs. $1.36 Capital IQ Consensus Estimate; expects second quarter comparable sales growth to accelerate into the low to mid single-digit range
• Co reaffirms guidance for FY19, sees EPS of $5.15-5.45, excluding non-recurring items, vs. $5.27 Capital IQ Consensus Estimate; continues to expect a low-single digit increase in comparable sales

=Target (TGT) reported earnings on Wed 15 Nov 17 (b/o)

Target beats by $0.05, reports revs in-line; guides Q4 EPS towards the low end of expectations with comps +0-2% 

• Reports Q3 (Oct) earnings of $0.91 per share, excluding non-recurring items, $0.05 better thanthe Capital IQ Consensus of $0.86 and $0.75-0.95 guidance; revenues rose 1.4% year/year to $16.67 bln vs the $16.61 bln Capital IQ Consensus, reflecting a 0.9% comparable sales increase vs. +0.7% ests. Comparable digital channel sales grew 24 percent and contributed 0.8 percentage points to comparable sales growth.
• Segment earnings before interest expense and income taxes (EBIT), which is Target's measure of segment profit, were $869 million in third quarter 2017, a decrease of 17.8 percent from $1,057 million in third quarter 2016. Third quarter EBIT margin rate was 5.2 percent, compared with 6.4 percent in 2016. Third quarter gross margin rate was 29.7 percent, compared with 29.8 percent in 2016, reflecting pressure from digital fulfillment costs and the Company's pricing and promotion efforts, partially offset by cost savings.
• Co issues guidancefor Q4, sees EPS of $1.05-1.25 vs. $1.24 Capital IQ Consensus; comparable sales growth of flat to two percent vs. +0.7% ests. That performance would translate into full-year 2017 comparable sales growth of flat to one percent.
• Co plans to issue a post-holiday financial update on Tuesday, January 9, 2018. 

=Target (TGT) reported earnings on Wed 17 March 17 (b/o)

Target beats by $0.30, beats on revs; guides Q2 EPS in-line; Q1 comps -1.3%; sees Q2 comps declining by low single digits; reaffirms FY18 EPS & comp guidance :

• Reports Q1 (Apr) earnings of $1.21 per share, excluding non-recurring items, $0.30 better than the Capital IQ Consensus of $0.91; revenues fell 1.1% year/year to $16.02 bln vs the $15.63 bln Capital IQ Consensus. First quarter comparable sales decreased 1.3 percent (ests called for decline of ~3.5%), driven by small declines in both traffic and basket size. Comparable digital channel sales increased 22 percent, on top of 23 percent growth in first quarter 2016.
• Co issues in-line guidance for Q2, sees EPS of 0.95-1.15, excluding non-recurring items, vs. $1.00 Capital IQ Consensus Estimate. Co sees expects a low single digit decline in Q2 comparable sales.
• Co reaffirms guidance for FY18 of $3.80-4.20 versus $4.01 Capital IQ consensus.  Target did not update its full year guidance for GAAP EPS from continuing operations and Adjusted EPS, but acknowledged that better-than-expected first quarter performance increases the probability that the Company will finish the year above the midpoint of its prior guidance.  For full-year 2018, the Company continues to expect a low single digit decline in comparable sales.

=Target (TGT) reported earnings on Tue 28 Feb 17 (b/o)

Target misses by $0.06, reports revs in-line; guides Q1 and FY18 EPS well below consensus :

• Reports Q4 (Jan) earnings of $1.45 per share, excluding non-recurring items, $0.06 worse than the Capital IQ Consensus of $1.51; revenues fell 4.3% year/year to $20.69 bln vs the $20.69 bln Capital IQ Consensus, reflecting a 1.5 percent decline in comparable sales combined with the removal of pharmacy and clinic sales from this year's results.
  • Comparable digital channel sales grew 34 percent and contributed 1.8 percentage points of comparable sales growth.
  • Segment earnings before interest expense and income taxes (:EBIT), which is Target's measure of segment profit, were $1,344 million in fourth quarter 2016, a decrease of 13.5 percent from $1,554 million in 2015. Fourth quarter EBITDA and EBIT margin rates were 9.5 percent and 6.5 percent, respectively, compared with 9.8 percent and 7.2 percent, respectively, in 2015.
  • Fourth quarter gross margin rate was 26.9 percent, compared with 27.9 percent in 2015, reflecting markdown pressure from promotional and clearance activity and costs associated with the mix shift between the Company's store and digital channels, partially offset by the benefit of the sale of the Company's pharmacy and clinic businesses, a favorable merchandise mix, and cost of goods savings.
• Warned  on Jan 18: Guided Q4 EPS $1.45-1.55 vs. $1.65 consensus; comps (1.5)-(1%).
• Co issues downside guidance for Q1, sees EPS of $0.80-1.00, excluding non-recurring items, vs. $1.33 Capital IQ Consensus Estimate.
• Co issues downside guidance for FY18, sees EPS of $3.80-4.20, excluding non-recurring items, vs. $5.33 Capital IQ Consensus Estimate. 
• Target's 2017 guidance reflects the impact of the Company's transition to a new financial model, which will be covered in the Company's meeting with the financial community later today.
• Under the current program, the Company invested $264 million in the fourth quarter, leaving ~$4.7 billion remaining under the current program at the end of the quarter.
• "Our fourth quarter results reflect the impact of rapidly-changing consumer behavior, which drove very strong digital growth but unexpected softness in our stores," said Brian Cornell, chairman and CEO of Target. "At our meeting with the financial community this morning, we will provide detail on the meaningful investments we're making in our business and financial model which will position Target for long-term, sustainable growth in this new era in retail. We will accelerate our investments in a smart network of physical and digital assets as well as our exclusive and differentiated assortment, including the launch of more than 12 new brands, representing more than $10 billion of our sales, over the next two years. In addition, we will invest in lower gross margins to ensure we are clearly and competitively priced every day. While the transition to this new model will present headwinds to our sales and profit performance in the short term, we are confident that these changes will best-position Target for continued success over the long term."

Related stocks: Walmart (WMT), Kohl's (KSS), J.C. Penney (JCP), Sears Holdings (SHLD), Best Buy (BBY), Bed Bath & Beyond (BBBY), SPDR S&P Retail ETF (XRT).

=Target (TGT) issues downside guidance

TGT issues downside guidance due to softer-than-expected holiday sales  :

• Co announced that comparable sales during the combined November/December period decreased 1.3%.
  • Comparable sales in Target stores declined more than 3%, partially offset by digital sales growth of more than 30%.
  • For those two months, total sales decreased 4.9 percent, reflecting the impact of the December 2015 sale of the Company's pharmacy and clinic businesses.
  • As a result of this softer-than-expected sales performance, the Company updated its fourth quarter and full-year 2016 guidance.
• Co issues downside guidance for Q4 (Jan), sees EPS of $1.45-1.55 vs. $1.65 Capital IQ Consensus Estimate; down from prior guidance of $1.55-1.75.
  • Now expects Q4 comparable sales in the range of (1.5) percent to (1.0) percent, compared with prior guidance of (1.0) percent to 1.0 percent.
• Co issues downside guidance for FY17 (Jan), sees EPS of $5.00-5.10 vs. $5.20 Capital IQ Consensus Estimate.
• "While we significantly outpaced the industry's digital performance, the costs associated with the accelerated mix shift between our stores and digital channels and a highly promotional competitive environment had a negative impact on our fourth quarter margins and earnings per share,"