Yeah Allen West is a great person to go to for investment advice. TGT beat bottom line. Top line missed due to slower pharmacy and clinic sales. Same store sales were up YOY. The entire retail sector of s slowing. WMT reports tomorrow.
Comment from Zacks: “Target is just the latest retailer to disappoint investors this quarter, along with department store giants Macy’s Inc. M and Nordstrom Inc. JWN, specialty department store chain Kohl’s Corp KSS, and home improvement store chain Home Depot HD.”
I have said this for a while, Boycott won’t be forced to be known if its had a real impact until the earning call in August. The policy went public 2 weeks before the end of the last quarter.... so odds of any visible impact in that quarter were almost guaranteed not to be there.
You want TGT to change you need to see a quarterly that shows their revenues significantly down compared to the rest of the sector... and the earliest you will see that is August.
Stock price shifts aren’t going to change policy, only direct hits to revenues will effect change.
If 2 or 3 Million people who used to shop at TGT suddenly stop, believe me, it will show up huge in their bottom line next quarterly earnings report... and if that report shows significant deviation from the rest of the sector, the only reason for it will be their bathroom policy...
You want this to change, can’t be a few weeks of anger, has to be a long term sustained boycott of the corporation that directly hits their revenues.