Retail, Financials, Pizza
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 23 April 2020
⏱️ 18 minutes
🧾️ Download transcript
Summary
Target’s digital sales are soaring, but costs are on the rise too. Discover Financial Services posts a loss in the 1st quarter. Jason Moser analyzes why Discover’s valuation might be attractive to value investors. Plus, we discuss Domino’s 1st-quarter report and our go-to spices for topping a slice of pizza.
Transcript
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| 0:00.0 | It's Thursday, April 23rd. |
| 0:04.0 | Welcome to Market Fullry. |
| 0:05.0 | I'm Chris Hill. |
| 0:06.0 | With me, back by popular demand, it's Jason Moser. |
| 0:10.0 | Good to see you again. |
| 0:11.0 | Back at it, baby. |
| 0:14.0 | Earning season is rolling on. We've got some financials, we've got restaurants, but we're going to start with some retail news because Brian Cornell, the CEO of Target, came out this morning in an |
| 0:26.6 | interview on CNBC talking about how digital sales at Target are up more than 100% quarter to date. |
| 0:37.0 | They don't report their first quarter until I think late May. |
| 0:42.2 | But what they're seeing right now is, you know, |
| 0:44.0 | Cornell came out and said, |
| 0:46.0 | we're basically doing Cyber Monday every day, |
| 0:50.0 | which is fantastic until you start to factor in the higher costs that are at play here and he talked about that as well and you know shares of target down a little bit today as a result of that but |
| 1:06.2 | I mean you just got to be encouraged by those digital sales right? I certainly would be if I were an investor in |
| 1:10.4 | target and I'm not though I could see a world where I would want to own shares in a business like this |
| 1:16.0 | for a number of different reasons but you to your point about the digital sales what's even more |
| 1:21.5 | astounding honestly I mean if you look at months to date in April, |
| 1:25.6 | their total comp sales have increased more than 5% |
| 1:30.1 | in the face of store comps that have declined in the mid teens and so that translates into digital comp |
| 1:36.0 | sales month today and April are up more than 275 percent and so you know this goes to show you we've talked a lot about businesses that are out |
| 1:45.8 | here in this challenging time figuring out ways to adapt and to do things |
| 1:52.0 | differently and Target is certainly a business that is succeeding on this front. |
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