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    Taghit Department Store Successfully Pformed In The Fourth Quarter, Same Store Sales Rose 5.3%

    2019/3/7 17:21:00 15

    Target

    The expected holiday season performance stimulated Target Corp. (NYSE:TGT) up to more than 6% before the Taghit department store.

    As of the four quarter of February 2nd, Taghit department store sales increased 5.3%, better than the market demand of 5.1%, of which the same store sales benefited from a 4.5% increase in the same store sales, 2.9% of the same store sales growth, the electricity supplier channel rose 31%.

    Investors worried about the issue of gross margins, the fourth quarter fell slightly by 40 basis points to 25.7%, not as the market worried about the three digit decline.

    During the reporting period, the net profit of Taghit department store fell 26.5%, from 1 billion 87 million US dollars to 799 million US dollars, and the net profit of continuing business decreased by 26.7% to 798 million US dollars. In the same period of 2017, 1 billion 88 million US dollars, earnings per share decreased 23.7%, from 1.99 US dollars to 1.52 US dollars, adjusted earnings per share 1.53 US dollars, slightly better than the market expected US $1.52.

    The fourth quarter income was basically flat at $22 billion 977 million, slightly more than the market forecast of US $22 billion 960 million.

    The group chief executive thanked the staff for their contribution in the earnings statement, and praised the company for its outstanding year to achieve the strongest passenger traffic and same store sales growth in 10 years.

    In the 2018 fiscal year, Taghit department store sales rose 5%, the strongest performance since 2005, of which the sales of physical stores and stores increased by 3.2%, and the number of digital channels rose 36%.

    It shows that BrianCornell has been very successful in Taghit in the past three years since it took office in August 2014.

    In the fourth quarter, the order of group digital channel 3/4 is fulfilled through physical stores.

    At the performance meeting, Brian Cornell said that Taghit's achievements today are not only benefited from the strong macro environment and strong consumer desire, but also show that the strategy of the company is working.

    After the data leakage incident in 2013, Taghit almost changed all its management. Pepsico, Inc. (NYSE:PEP), Brian Cornell, the former chief executive of PepsiCo AmericasFoods, the Americas Division of the Pepsi group, joined the Department Store giant in August 2014, and carried out drastic figures, supply chain, store and price reform.

    The initiatives of Brian Cornell include investment prices, faster delivery of goods by vendors, reduction of SKUs, acquisition of Shipt, Inc., increasing efficiency and higher price per passenger unit. These measures have achieved remarkable results in the past two holiday seasons and outperformed most of their peers.

    However, the pformation of Taghit has no real significance for other groups, because in the market, it has huge operating cash flow, financing capabilities and so on.

    Neil Saunders, general manager of GlobalData Retail, an industry research firm, commented on Taghit's last quarter results. Its performance has fully proved that the company's extensive investment in stores is reasonable, and these stores are now more attractive and more experienced.

    Tang Xiaotang, a No Agency analyst with Taghit department store and long term multi options, said that in the 10 years of dramatic changes in retail industry, Taghit department store did not take any wrong steps, even in terms of supply chain and digital reform and investment far beyond expectations, allowing the company to take the lead in price war and consumer experience.

    At the same time, Brian Cornell also said that the bankruptcy and closing of peers helped the company to a certain extent, increasing market share, especially the bankruptcy of Toys'R'Us Toys R & D, and the market share of the company's toys and baby products business improved significantly.

    Cathy Smith, group chief financial officer, said on Tuesday that 2018 was the year when the company was pformed. It was also the most efficient year for the company.

    In 2018, Taghit department store earned $75 billion 356 million, an annual growth of 3.6%, net profit increased by 0.8% to $2 billion 937 million, and earnings per share increased from $5.32 to 5.55 US dollars, adjusted 5.39 US dollars.

    The year-on-year operating profit increased by 0.7% to US $2 billion 930 million and earnings per share were US $5.50, up 4% over the same period last year.

    The company expects the low - to - digit growth of the same store sales in the current 2019 fiscal year, the median increase in the median of pure profit, EPS expected to be $5.75-6.05, far beyond the expected $5.61 in the market.

    The chief operating officer, John Mulligan, said the store renovation plan will continue to be implemented in the next two years and is expected to be rebuilt in 300.

    Brian Cornell said that the company's major investment in reform has basically been completed and will not invest billions of dollars as before.

    Taghit's department store's quarterly performance and pformation also gained Wall Street's value. Its stock price rose 4.58% Tuesday to close at $76.

    Source: no fashion Chinese net Author: Flower broken

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