AMC100K
2021-05-19
Are you sure
Target reports first-quarter earnings before the bell. Here’s what to expect
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Here’s what to expect","url":"https://stock-news.laohu8.com/highlight/detail?id=1158390726","media":"CNBC","summary":"KEY POINTS\n\nTarget will face tough year-over-year comparisons, after its significant growth during t","content":"<div>\n<p>KEY POINTS\n\nTarget will face tough year-over-year comparisons, after its significant growth during the pandemic.\nIn the first quarter, however, the retailer faces more favorable comparisons because of...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/19/target-tgt-q1-2021-earnings.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Target reports first-quarter earnings before the bell. 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Here’s what to expect\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-19 17:46 GMT+8 <a href=https://www.cnbc.com/2021/05/19/target-tgt-q1-2021-earnings.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nTarget will face tough year-over-year comparisons, after its significant growth during the pandemic.\nIn the first quarter, however, the retailer faces more favorable comparisons because of...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/19/target-tgt-q1-2021-earnings.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TGT":"塔吉特"},"source_url":"https://www.cnbc.com/2021/05/19/target-tgt-q1-2021-earnings.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1158390726","content_text":"KEY POINTS\n\nTarget will face tough year-over-year comparisons, after its significant growth during the pandemic.\nIn the first quarter, however, the retailer faces more favorable comparisons because of how its profits were initially squeezed during lockdowns.\nThe company has not shared a forecast for the year.\n\nTarget will report its fiscal first-quarter earnings on Wednesday before the bell.\nHere’s what Wall Street is expecting, according to Refinitiv consensus estimates:\n\nEarnings per share: $2.25\nRevenue: $21.81 billion\n\nThe big-box retailer saw significant growth during the pandemic, as shoppers turned to its stores for everything from groceries to workout clothes and picked up online orders in the parking lot. It reported many eye-popping numbers in the fiscal year, including sales growth of more than $15 billion — larger than its total sales growth over the previous 11 years. Target’s comparable sales, a key metric that tracks sales at stores open at least 13 months and online, grew 19.3% compared with the prior year.\nThose results have raised expectations and set the company up for tough year-over-year comparisons. However, the momentum really got underway in the second quarter of 2020.\nThat means Target will face more favorable comparisons in the first quarter. When lockdowns hit a year ago, Target customers initially skipped over many discretionary, higher-margin items like apparel and the retailer’s labor costs ballooned. The company scrambled to adapt as consumers shopped online and bought more food and electronics as they worked from home.\nOther retailers’ earnings reports bode well for Target.Walmart,Home Depot and Macy’s beat Wall Street’s expectations for the first quarter. The companies attributed strong sales, in part, to customers having more money in their pockets from stimulus checks, which they received in March. Walmart and Macy’s said customers are also buying items like luggage and teeth whitener as they travel and go to parties again.\nTarget has not provided a forecast for the year, saying the pandemic has made it too difficult to predict consumer spending.\nAs of Tuesday’s close, Target shares have risen about 17% so far this year. Its shares closed at $206.43 on Tuesday, bringing its market value to $102.71 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":398,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":10,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/197963929"}
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