Big Retail, Big Deals, and 1 Big IPO
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 21 May 2021
⏱️ 39 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Everybody needs money. That's why they call it money. |
| 0:07.0 | From full global headquarters, this is Motley Fool Money. It's the Motley Fool Money |
| 0:20.1 | radio show. I'm Chris Hill joining me this week Senior Analyst, Chase and Moser and Andy |
| 0:24.3 | Cross. Good to see you as always, gentlemen. Hey, hey. We've got the latest headlines from |
| 0:28.7 | Wall Street. We'll talk Impact Investing with CEO Eva Yazhari. As always, we've got |
| 0:33.9 | a couple of stocks on our radar. But we begin with a big week for retail. Shares of target |
| 0:39.9 | hit a new all-time high this week after first quarter profits and revenue came in higher |
| 0:43.9 | than expected. Same store sales rose 23% Andy. This was a fantastic quarter. |
| 0:51.3 | Yeah, it really was, Chris. That comp growth you mentioned, comparable sales of 23% was |
| 0:57.2 | versus about a 12% estimate and versus 11% for the prior year. It was the fourth consecutive |
| 1:04.3 | quarter of 20% or more on the comparable growth. That's looking at stores that were open |
| 1:09.3 | a year ago and how those stores performed. They sell 17% growth in traffic and 5% growth |
| 1:15.1 | in the average ticket size in store comp. Just for getting about digital, Chris, which is |
| 1:19.8 | also doing great. But just the in store was they have up 18% and almost all of that was |
| 1:24.6 | from foot traffic. So we get more and more people coming into the target stores as you expected. |
| 1:29.4 | But digital comp growth was up 50%, which is an impressive number. But that's all of growth |
| 1:34.8 | of last year of 141%. So their EPS, their earnings per share just exploded up 500% to $3.69 |
| 1:43.2 | or $3.69 versus a $2.25 estimate. So all around, target continues to deliver the vaccine |
| 1:53.1 | rollouts. The stores opening continue to drive more and more growth. The apparel business |
| 1:59.5 | is really a bright spot. That was up in the quarter of 60% of those sales. The comparable |
| 2:04.1 | store sales were up 60% in apparel alone. Same door, same day services is now half of the |
| 2:11.8 | digital sales. So continuing to all the innovations that they've made over the last couple years |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Motley Fool, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Motley Fool and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

