gme / BOFH ?? ??
Do you want to know how you “stand with” the LGBTQIA+ community? You help defend it from bullies and baseless attacks!
No more Target for me, not until they grow a fucking spine.
https://www.cnn.com/2023/05/25/business/target-lgbtq-merchandise-pressure-trans/index.html
feld
gme / BOFH ?? ??
feld
feld
feld
SlicerDicer
feld
gme / BOFH ?? ??
Target’s total revenue grew $3 billion to $109 billion in 2022, from $106 billion in 2021. Total revenue has grown more than $30 billion since 2019.
Target’s comparable sales grew 2.2 percent in 2022, on top of 12.7 percent in 2021. Comparable traffic grew 2.1 percent in 2022, on top of 12.3 percent in 2021.
Target’s GAAP earnings per share (EPS) was $1.89 for the fourth quarter of 2022, compared with $3.21 in 2021, and $5.98 for the full year of 2022, compared with $14.10 in 2021.
Target’s net interest expense was $129 million for the fourth quarter of 2022, compared with $104 million in 2021, and $478 million for the full year of 2022, compared with $421 million in 2021.
(source)
Target has a higher comparable sales growth than Walmart, with 2.2% in 2022, compared to Walmart’s 0.7%1. However, both lag behind Amazon’s 27% net sales growth in 20202.
Target also has a higher gross profit margin than Walmart, with 29.8% in 2021, compared to Walmart’s 24.5%4. Amazon has a lower gross profit margin than both, with 23.6% in 20202.
In terms of product prices, Target tends to be cheaper than Amazon in categories such as food and beverage, health and beauty, and household essentials, while Walmart tends to match or beat Amazon’s prices in most categories3.
(source)
Target is not at a high risk of bankruptcy or going under, based on its current financial situation and performance. According to one source1, Target has a probability of bankruptcy of 19%, which is lower than the average of its sector (36.1%) and industry (20.7%). The probability of bankruptcy is a measure of the likelihood of financial distress, based on various factors such as credit ratings, stock volatility, financial metrics and proprietary data1.
Target has also shown resilience and growth in the past year, despite the challenges posed by the pandemic and the competitive environment. Target’s total revenue grew by $3 billion to $109 billion in 2022, and its comparable sales grew by 2.2%, driven by an increase in guest traffic2. Target also has a strong balance sheet, with $8.9 billion of cash and equivalents and $11.9 billion of total debt as of January 29, 20222.
Of course, Target still faces some risks and uncertainties in the future, such as inflation, supply chain disruptions, consumer demand fluctuations and competitive pressures. Target also has some debt maturities coming due in the next few years, which could affect its liquidity and leverage ratios2. However, based on its current financial position and performance, Target is not likely to file for bankruptcy or go under anytime soon.
(source)
Salastil
feld
Salastil
feld
feld
Salastil
I do not deny that the market can go to shit rather quickly and harder than anyone expected. But its unlikely that looting Target in the same manner would be effective since corporate real estate is in a huge glut right now, particularly office real estate. Some asshole can try selling off the property but its unlikely to get buyers for decades since brick and mortar store retail is dying off hard.
feld
GNU social JP is a social network, courtesy of GNU social JP管理人. It runs on GNU social, version 2.0.2-dev, available under the GNU Affero General Public License.
All GNU social JP content and data are available under the Creative Commons Attribution 3.0 license.