Target Misses the Mark

Motley Fool Money

The Motley Fool

Business, Investing

4.4 • 3K Ratings

🗓️ 20 November 2024

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

The retailer is trying to be everything for everyone. That’s a pretty tall order. Is Target up for the task? (00:14) Jason Moser and Mary Long discuss earnings from Target and TJX, plus: - The state of the consumer heading into the holiday shopping season. - What it takes to build out a true omnichannel operation. - How management teams land on forward guidance. Then, (14:45) Yasser el-Shimy and Ricky Mulvey take a look at Warner Brothers Discovery and debate whether the streaming stock is a steal. Learn more about the Range Rover Sport at www.landroverusa.com Companies discussed: TGT, WMT, TJX, AMZN, WBD, NFLX Host: Mary Long Guests: Jason Moser, Yasser el-Shimy, Ricky Mulvey Engineers: Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	We got another look at the American consumer.
0:07.5	Motleyful Money starts now.
0:13.7	I'm Mary Long, joined today by Jason Moser.
0:16.2	Jamo.
0:16.6	Lovely to see you.
0:17.4	How you doing?
0:18.1	Always happy to be here.
0:19.2	I'm doing great.
0:19.8	How are you, Mary?
0:20.7	Doing pretty well. Doing pretty well. As we were discussing before we started recording,
0:24.1	I didn't have any eggs for my breakfast today. But despite that fact, I am, I'm fueled and I'm ready to go.
0:30.0	Good, good.
0:31.7	So we're going to take a look at the American consumer today because we had some earnings yesterday from Walmart.
0:37.1	Today we got Target, plus another retail company.
0:40.8	It's always kind of interesting to me to see how different retailers stack up,
0:44.4	whereas Walmart earnings yesterday were strong.
0:46.6	Target showed lower sales, lower profit, a little too much unsold inventory.
0:51.5	Stock is down nearly 20% last I checked this morning as a result of all that.
0:55.8	Brian Cornell, the CEO, he blamed a lot of this on, quote, a challenging operating environment.
1:01.4	And quote, what's he mean by that? Why doesn't Walmart seem to have been affected by the same
1:05.1	environment? Yeah, well, I mean, this does seem like something we've heard a lot over the last several quarters, right?
1:11.6	The challenged consumer. And I think that's really what most of this is all about, is it just consumers continue to spend very cautiously.
	...

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