bring in Missouo director and senior analyst of Hardlines, Broadlines and Consumer Internet, David Bellinger, and CNBC senior retail reporter Courtney Reagan, who's been following this for us. So, David, what's your reaction to the CEO pick. >> Thanks for having me on today.>> Thank you for coming in. >> Look, it's a little disappointing to us because we we actually ran an investor survey about a month ago and 96% of investors told us they wanted an external hire, someone who could bring wholesale change, d ...

Target’s incoming CEO Michael Fiddelke said the big-box retailer is facing adversity and called on employees to go the extra mile to end a lengthy sales slump https://t.co/W4fn4CLxLq ...

Core Insights - Target Corporation reported a decline in revenues and earnings for the second quarter of fiscal 2025, with revenues surpassing estimates but earnings falling short [1][3][7] - The company experienced a decrease in comparable sales, reflecting ongoing challenges in consumer demand and operational pressures, although there were sequential improvements in store traffic and digital sales [2][5] Financial Performance - Adjusted earnings per share were $2.05, missing the Zacks Consensus Estimate of $2.09 and down 20.2% from $2.57 in the prior year [3][7] - Total revenues reached $25,211 million, exceeding the Zacks Consensus Estimate of $24,911 million but declining 0.9% year-over-year [4][7] - Merchandise sales fell 1.2% to $24,719 million, while non-merchandise sales increased by 14.2% [4] Sales Metrics - Comparable sales decreased by 1.9%, with a 3.2% decline in comparable store sales offset by a 4.3% increase in comparable digital sales [5][7] - Traffic, measured by the number of transactions, dipped 1.3%, and the average transaction amount decreased by 0.6% [5] Margins and Costs - Gross margin contracted by 100 basis points to 29%, influenced by higher markdowns and purchase order cancellation costs [5] - Operating margin shrank by 120 basis points to 5.2%, compared to 6.4% in the same period last year [5] Financial Health - At the end of the second quarter, Target had cash and cash equivalents of $4,341 million and long-term debt of $15,320 million [6] - The company paid out dividends totaling $509 million during the quarter [6] Future Outlook - Target reaffirmed its fiscal 2025 guidance, expecting a low-single-digit decline in sales and adjusted earnings in the range of $7-$9 per share [9] - Shares of Target have increased by 13.3% over the past three months, contrasting with a 0.8% decline in the industry [9]

Retail is the story of the morning. We've got a number of results. Target, Lowe's.Courtney Reagan just speaking with the CEO of Lowe's and joins us with some comments. Morning, Courtney. Hi, good morning Sarah.Yes, so I just spoke with CEO Marvin Ellison getting more perspective on the quarter and this big acquisition. He said, "We estimate that you have roughly $50 billion in deferred projects in home because customers are just waiting to get a little bit more overall confidence in the macro environment. S ...

Big-name retailers are filing into the earnings confessional this week, with investors keen to see how consumer spending is looking. Today's buzz is coming from Lowe's Companies Inc (NYSE:LOW) and Target Corp (NYSE:TGT). Below we'll take a close look at how LOW and TGT are faring. Behind the Lowe's Stock BreakoutLOW is moving 2.6% higher to trade at $263.09 this morning, after adjusted second-quarter earnings topped estimates at $4.33 per share. While Lowe's missed revenue estimates on a reading of $23.96 ...

So Target CEO succession getting more attention than its results this morning after more than 11 years as CEO Brian Cornell will transition to executive chairman at the end of the fiscal year. So February 1st, current COO, former CFO and 20-year Target veteran Michael Fideli will take the top job in February. Fideli told reporters, I'm quote stepping in with urgency to rebuild momentum and return to profitable growth.He's got three priorities. He says, first, we have to lead with merchandise beyond the occa ...

Target's CEO is stepping down after 11 years at the retailer, as sales continue to plunge.https://t.co/gOrWf9ap8B ...

Target's CEO is stepping down after 11 years at the retailer, as sales continue to plunge.https://t.co/C6tHWX4Dkp ...

Group 1: Costco Overview - Costco is a strong business with a high customer retention rate of approximately 90%, generating a stable income stream from membership fees [4] - In fiscal Q3 2025, Costco's same-store sales increased by 5.7%, with store traffic up by 5.2%, indicating customer satisfaction [5] - Costco's valuation metrics, including price-to-sales, price-to-earnings, and price-to-book ratios, are significantly above their five-year averages, suggesting it may be overvalued [6][8] Group 2: Investment Comparison - PepsiCo is currently viewed as a more attractive investment option, with a dividend yield of 3.8%, which is near its historical highs, and its price-to-sales and price-to-book ratios below their five-year averages [9] - Despite facing near-term challenges, PepsiCo has a strong history of growth and is recognized as a well-managed company in the consumer staples sector [10][12] - The current market conditions have led to PepsiCo's stock being undervalued, presenting a potential buying opportunity for long-term investors [13][14]

天眼查App显示，近日，五华县水寨镇永辰装饰材料店（个体工商户）成立，法定代表人为廖幸玲，注 册资本1万人民币，经营范围为一般项目：服装服饰零售；日用百货销售；鞋帽零售；皮革制品销售； 建筑装饰材料销售；互联网销售（除销售需要许可的商品）；土石方工程施工；专业设计服务；建筑材 料销售；住宅水电安装维护服务。（除依法须经批准的项目外，凭营业执照依法自主开展经营活动）。 ...