Are we seeing the revitalization of conservative civilization all over the world has been a massive backlash against globalization, its leftist leadership, and its anti-cultural liberal values, and it's just the beginning.

I'm Dr. Steve Turley. I believe the liberal globalist world is at its brink and a new conservative age is rising.

Every day, as we examine these worldwide trends, discover answers to today's toughest challenges, and together learn to live in the present, in light of even better things to come.

This is Turley Talks.

Target earnings just crossing the tape, Courtney Reagan is here with the numbers.

Yeah, Melissa, let's get through this. There's a lot here. Target's second quarter earnings coming in at $1.80 per share. That's 41 cents above consensus, but the profit was not driven by sales revenue at $24.77 billion below $25.16 billion estimated.

Also, slashing for your earnings guidance, this even after this quarter's huge beat, so it's now expecting between $7 and $8, that's down from $7.75 to $8.75.

It's also bringing down its sales expectations to mid-single-digit declines rather than low-single-digit decline to low-single-digit increase.

Target's comparable sales, down 5.4%, that is well below estimates for 3.7% drop, also the first decrease since 2016.

The retailer says discretionary categories, again week, while food, beverage, essentials, beauty, those frequency categories, those were stronger.

Digital sales, down 10.5%. That's the third straight quarter of declines and the worst performance since Target has been giving this number.

Inventory fell 17% and lower mark-downs did help to lift gross margins, operating margins also better than expected, but at 4.8%.

That's about half of the level where it was two years ago at 9.8%.

On a call with media, Target CEO Brian Cornell pointed to macro pressures including inflation for tempering sales, but also, quote, negative guest reaction to our pride collection.

He also continued to say negative reaction to our pride assortment and added after adjusting mid-quarter to address safety concerns the business recovered, steadily in July.

I asked Cornell to clarify that the response by some consumers to the pride merchandise was material enough that it impacted sales, but then after Target removed some of the merchandise or moved it in some stores, the trends changed.

He said quote, you describe it very accurately. We only took actions in the month of June. We wanted to make sure we're focused on the safety of our teams and the safety of our guests.

Once we took those actions and addressed the situation, we certainly saw things normalize.

It's official gang. We've had a massive pride month backlash as the ultra-woke target reported their first quarterly sales drop, get this?

In six years, Target CEOs openly admitting that their 5.4% sales drop was largely due to the woke backlash they faced in June during pride month.

Hey gang, it's me, Dr. Steve, and this is going to absolutely make your day.

As many of you know, Target faced a massive backlash for its ridiculous pride theme clothing line for children.

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