Target's stock price fell 24% on the news. The company is dealing with an incredible supply chain issue, says COO Brian cornell. Target has known for a while that they had a problem, but didn't get out ahead of this and wait all the way until earnings to surprise people.
"We got the inventory wrong." That's basically what Target CEO Brian Cornell said about his company's latest results. (0:30) Bill Mann discusses: - Why Cornell and Walmart CEO Doug McMillon should have warned investors sooner about their latest quarterly numbers - The inventory glut major these retailers will have to work through - Lowe's benefitting from the residential home environment - Whether Target's stock is more attractive after today's drop
(13:11) Tim Beyers talks with Arista Networks CEO Jayshree Ullal about how her company is diversifying its revenue stream and one thing investors often get wrong about Arista.
Stocks discussed: TGT, WMT, LOW, HD, ANET, MSFT, FB
Host: Chris Hill Guests: Bill Mann, Tim Beyers, Jayshree Ullal Producer: Ricky Mulvey Engineers: Dan Boyd, Rick Engdahl
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