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Motley Fool Money
Tight Budgets Come for Target
May 22, 2024
Financial analysts Jason Moser and Matt Frankel discuss Target's earnings, the 'resilient consumer,' and new Buy Now, Pay Later rules. They also analyze David-versus-Goliath stock matchups, including companies like TGT, WMT, and AFRM.
32:14
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Quick takeaways
- Target experiences decline in sales due to consumer spending normalization post-pandemic.
- Focus on cost controls, margin expansion, inventory management, and loyalty programs for long-term gains.
Deep dives
Target's Challenging Quarter and Consumer Trends
Target reported a decline in comparable sales, total sales, traffic, and average transactions, marking a challenging quarter. Management attributed the results to consumer normalization in spending patterns, particularly focusing on entertainment and services outside the home post-pandemic. Inflation and higher consumer prices impacted results, especially in home and hard lines categories. Target's management remains focused on navigating the evolving consumer environment.
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Discover
highlights
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