Omnichannel is Sexier Than You Think
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 18 August 2021
⏱️ 15 minutes
🧾️ Download transcript
Summary
Despite a great 2nd-quarter report (and a $15 million stock buyback plan), Target failed to impress Wall Street. Lowe’s pops 10% after strong 2nd-quarter profits and raising full-year guidance. Alicia Alfiere analyzes those stories and Krispy Kreme’s first report as a public company.
Transcript
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| 0:00.0 | It's Wednesday, August 18th. |
| 0:03.8 | Welcome to Rocket Foolery. |
| 0:05.2 | I'm Chris L. with me today. |
| 0:06.8 | Alicia Alphair. |
| 0:07.8 | Thanks for being here. |
| 0:09.1 | So glad to be here, Chris. |
| 0:11.0 | We've got one restaurant and two retailers to talk about today. |
| 0:14.6 | We're going to start with Target. |
| 0:16.7 | Second quarter profits in revenue came in higher than expected. |
| 0:19.3 | Same store sales were up nearly 9%. |
| 0:22.3 | And they raised full year guidance. |
| 0:24.3 | And you would think all of those together |
| 0:27.2 | would be pushing the stock up. |
| 0:28.7 | But the stock early this month hit an all time high. |
| 0:31.8 | So it's not falling precipitously. |
| 0:34.2 | It's down 1% or so. |
| 0:36.0 | But this seemed like I don't want to say nothing but good things. |
| 0:42.2 | But it seemed like almost entirely good things for Target. |
| 0:46.5 | Yeah, agree. |
| 0:47.4 | There were a lot of good things from Target's report. |
| 0:50.3 | So as you said, second quarter comparable sales were up 8.9% |
| 0:56.0 | year over year. |
... |
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