Brian Cornell – Chairman and Chief Executive Officer Pace of change doesn’t appear to be slowing “During this period of rapid transformation in retail in which many others are shrinking, we will continue to look for ways to partner and … Continued
Brian Cornell A seismic shift for our industry “For the past several years, we’ve been watching several key consumer trends emerge. People are placing greater value on experiences. Often they would rather live it than own it, especially young people. … Continued
Target’s (TGT) CEO Brian Cornell on Q3 2016 Results Encouraged to see a meaningful improvement in sales of Apple products ” in the third quarter, we were encouraged to see a meaningful improvement in sales of Apple products driven by … Continued
Shift to digital remains a retail trend to which Target continues to adapt “Digital sales grew more than 60% in the second quarter on top of 30% growth last year… In the second quarter, we launched a brand new fully … Continued
Brian Cornell Saw a decline in smaller convenience trips “Sales in the quarter came in lighter than expected and daily and regional shopping patterns were more volatile than the entire periods. While guests generally maintain their pattern of larger, pantry … Continued
Dean Foods FY 1Q16 Earnings Call Gregg Tanner Global milk production continues to increase “We expect global dairy fundamentals to continue to be overall supportive to our business as production growth continues to outpace demand. Year-over-year, total milk production from … Continued
Target’s (TGT) CEO Brian Cornell on Q3 2015 Results Brian Cornell – Chairman and Chief Executive Officer While consumers cautious we feel confident “Sales in signature categories have been growing much faster than our overall sales, and they’re clearly exceeding … Continued
Digital sales grew 30%, which was slightly below our expectations “Second quarter digital sales grew 30% from a year ago slightly below our expectations as we compared against very intense digital channel promotions last year. Digital growth contributed about 60 … Continued
particularly strong results in March “While we enjoyed a healthy pace of sales throughout the first quarter, we saw particularly strong results in March, as weather warmed across many parts of the country and Easter timing moved seasonal sales into … Continued
Each week I read dozens of transcripts from earnings calls and presentations as part of my investment process. Below are some of the most important quotes about the economy and industry trends from the transcripts that I read this week. … Continued