Target Names New CEO, Tops Forecasts Despite Sales Decline
Fiddelke, a 20-year company veteran who previously served as Target's chief financial officer, will take over as CEO and join the board on Feb. 1, 2026, the company said in an Aug. 20 release. Cornell, who has led the Minneapolis-based retailer since 2014, will move into the role of executive chair.
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Miami Herald
24 minutes ago
- Miami Herald
Walmart disappoints Wall Street in one crucial way
Walmart is the world's biggest brick-and-mortar retailer, and it's quickly challenging Amazon for the e-commerce crown. The 62-year-old retail chain disrupted the retail store landscape decades ago, drawing criticism for its superstores, which forced mom-and-pop stores out of business with their hard-to-beat prices. Nowadays, Walmart operates over 10,000 stores worldwide, including about 600 Sam's Club warehouse stores and a fast-growing online marketplace. Those operations haul in hundreds of billions of dollars annually, including $177.4 billion in the second quarter alone. That's impressive, but not everyone is singing praises over Walmart's second-quarter financials. 10,750 in 19 countries. Fiscal year 2025 revenue of $681 billion.2.1 million employees worldwide. Revenue: $177.4 billion, up 4.8%Operating income: $7.3 billion, down 8.2%Gross profit margin: 24.5%, up slightly from 24.4% one year earnings per share: 68 cents up one cent year over year. Walmart has largely penetrated most major markets in the United States with its traditional brick-and-mortar locations. As a result, it has become the go-to place to shop for customers on a budget. Due to inflation, that's an increasingly larger and diverse customer base. Since Covid, consumer inflation has increased prices by nearly 25%, meaning you'd need to spend $1.25 to buy the item that only cost you $1 in 2020. Inflation pressure hasn't been Walmart's only tailwind, though. It's also benefited from missteps at one of its major rivals, Target. Related: Target visits keep falling in 2025 while Walmart traffic grows Target has been the subject of controversy and boycotts, including in February and March of 2025, because it decided to roll back DEI programs. Previously, Target also suffered from boycotts related to its decisions regarding its 2023 Pride collection, which drew criticism for including children's clothing. The combination of cost-conscious shoppers and Target's stumbles helped drive revenue nearly 5% higher in the second quarter. "We gained market share in the U.S. and across markets internationally," said Walmart CEO Doug McMillon on the company's earnings conference call. Walmart also benefited from increasing e-commerce sales, which rose 25% from the second quarter of 2024. "Walmart U.S. e-commerce profitability continued to increase in Q2 as we make progress on improving net delivery costs and see strong momentum in advertising," said Walmart CFO John David Rainey. Walmart's comparable sales growth at stores open at least one year was 4.6% in Q2, up from 4.2% one year ago. Transactions rose 1.5%, down from 3.6% last year, while average ticket, or the amount spent per transaction, rose 3.1%, up from 0.6%. For perspective, Target reported a 1.9% comparable sales decline and an online sales growth of only 4.3% in the quarter. Walmart's average ticket growth was partly due to inflation and passing along higher costs associated with tariffs, which increased Walmart's import costs. Image source:The top-line revenue figure was $3 billion, better than Wall Street expected; however, one-time adjustments weighed down the company's earnings per share. The company reported EPS of 68 cents, shy of analysts' 74-cent estimates. "Adjusted operating income grew 0.4% in constant currency," said McMillon. "This is below what we expected going into the quarter as we absorbed a headwind of 560 basis points for the expenses related to general liability claims in the U.S." Revenue: Up 3.75% to 4.75%.Operating income: Up 3.5% to 5.5%Adjusted EPS: $2.52 to $2.62. The sales guidance was increased from 3% to 4%, which is bullish. However, operating income growth guidance was unchanged, and the company's EPS outlook is shy of the analysts' consensus $2.63 estimate. The company's push into e-commerce is encouraging, and it's beating rival Target regarding sales growth. However, long-time Wall Street analyst Stephen Guilfoyle is unimpressed by the company's finances. More Retail Stocks: Kroger brings back paper coupons in a new wayTarget's customers walked away; How it plans to win them backAmazon analysts turn heads with surprising take on grocery plan "Walmart ended the quarter with a cash position of $9.431 billion and inventories of $57.729 billion. That puts current assets at $82.033 billion. Current liabilities add up to $103.566 billion, including $7.848 billion in shorter-term debt," wrote Guilfoyle on TheStreet Pro. "This leaves the firm with a very disappointing current ratio of 0.79, down from 0.82 six months ago." A current ratio is a liquidity measure based on current assets divided by current liabilities. Retailers typically have lower current ratios than other industries, but generally, analysts like to see companies boast a current ratio above 1. In Guilfoyle's case, he hoped for an improvement in the ratio, not a deterioration. "When a firm has just $9.4 billion in cash and has more than $7.8 billion in debt due in less than 12 months, I find it just incredible that the firm would spend $6.2 billion on share repurchases over six months, knowing it had to pay shareholders almost $3.8 billion in cash over that same time frame," wrote Guilfoyle on TheStreet Pro. "They could have bought back fewer shares and reduced that debt load." Guilfoyle notes that total debt rose by $4.42 billion in the past six months despite Walmart's sales growth and strong cash flows. "What the actual hockey puck is that? Hello! McFly? Is anybody home? Hey, Rainey, instead of appearing on CNBC, manage your cash flows and improve your balance sheet. Do better," chided Guilfoyle. As for whether or not Walmart stock is a buy, Guilfoyle didn't pull any punches. "I'll still shop there. That will be the extent of our relationship," said Guilfoyle. Related: Home Depot raises red flag about customer behavior in stores The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Time Business News
27 minutes ago
- Time Business News
Affordable Junk Removal Service in Mansfield
When clutter takes over your home or business, it not only impacts your space but also your peace of mind. Piles of unwanted furniture, old appliances, construction debris, or general household junk can be difficult to manage on your own. This is where a professional junk removal service in Mansfield makes all the difference. Junk Master, LLC is a trusted local provider dedicated to helping residents and businesses reclaim their spaces with efficient, affordable, and eco-friendly solutions. In this comprehensive guide, we will cover everything you need to know about junk removal in Mansfield, why hiring professionals matters, the benefits of using Junk Master, LLC, and how this service can simplify your life. A junk removal service in Mansfield is designed to handle the collection, hauling, and responsible disposal of unwanted items. From outdated couches to yard waste and commercial cleanouts, these services eliminate the stress of figuring out how to dispose of large, bulky, or hazardous items on your own. Professional junk removal involves more than simply hauling things away. Companies like Junk Master, LLC ensure items are sorted, recycled when possible, and disposed of in compliance with local regulations. When hiring a junk removal service in Mansfield, you can count on assistance with: Old furniture such as sofas, chairs, tables, and mattresses Large and small appliances including refrigerators, washers, dryers, and microwaves Electronics like televisions, computers, and printers Construction debris including wood, drywall, and scrap metal Yard waste such as branches, leaves, and soil General household clutter and garage cleanouts Many people underestimate how physically demanding and time-consuming junk removal can be. Without the proper equipment, vehicles, and knowledge, attempting to manage everything on your own can result in injury, property damage, or improper disposal. Time Savings – Instead of spending hours or even days hauling junk, professionals complete the job quickly. Safety – Heavy lifting, sharp objects, or hazardous waste can pose risks. Junk Master, LLC uses trained crews and proper equipment. Eco-Friendly Disposal – Responsible junk removal service in Mansfield ensures recycling and donations whenever possible. Cost-Effective – Renting trucks, purchasing disposal permits, and making multiple trips can be more expensive than hiring professionals. Stress Reduction – Professionals handle everything from lifting to transportation, giving you peace of mind. Junk Master, LLC has built a reputation as a reliable and affordable junk removal company in Mansfield. Their team understands that each customer has unique needs, whether it's a single-item pickup or a full property cleanout. Local Expertise – As a Mansfield-based company, they understand the community and its specific disposal requirements. – As a Mansfield-based company, they understand the community and its specific disposal requirements. Flexible Scheduling – Same-day and next-day appointments are available for urgent cleanouts. – Same-day and next-day appointments are available for urgent cleanouts. Transparent Pricing – No hidden fees, only clear and upfront quotes. – No hidden fees, only clear and upfront quotes. Eco-Friendly Practices – Items are recycled or donated whenever possible, minimizing landfill waste. – Items are recycled or donated whenever possible, minimizing landfill waste. Full-Service Solutions – From residential homes to commercial offices and construction sites, they handle all types of junk removal. Junk Master, LLC provides a wide range of junk removal services in Mansfield to meet every need. Clutter at home can be overwhelming. Whether it's clearing out an attic, basement, or garage, professional junk removal makes the process simple. Junk Master, LLC helps families remove unwanted items, broken furniture, and old appliances with ease. Businesses often generate significant waste, especially during moves, renovations, or regular operations. Junk Master, LLC offers customized commercial junk removal service in Mansfield, including office furniture disposal, electronics recycling, and construction debris hauling. Renovation and remodeling projects leave behind piles of wood, drywall, metal, and other debris. Junk Master, LLC ensures your worksite stays safe and organized by hauling away construction waste efficiently. Overgrown yards, fallen branches, and landscaping projects can leave behind a mess. Junk Master, LLC provides reliable yard waste removal, leaving outdoor spaces neat and usable. Moving or upgrading often requires disposing of old appliances and furniture. Junk Master, LLC handles bulky items safely, so you don't have to struggle with lifting or transport. Sustainability is a growing priority, and Junk Master, LLC takes eco-friendly practices seriously. Rather than sending everything to a landfill, items are carefully sorted. Usable items are donated to local charities, recyclable materials are processed properly, and only true waste is disposed of. This approach reduces environmental impact and contributes positively to the Mansfield community. Hiring Junk Master, LLC is simple and straightforward: Request a Quote – Call or book online to receive a free estimate. Schedule Service – Choose a time that works best for you. On-Site Assessment – The crew arrives, confirms pricing, and prepares for removal. Junk Removal – All items are hauled away quickly and efficiently. Responsible Disposal – Items are sorted, recycled, donated, or properly discarded. Nearly everyone can benefit from professional junk removal services at some point. Decluttering before a move, clearing an estate, or simply reclaiming space in your garage becomes easier with Junk Master, LLC. If you're moving out of an apartment, landlords often require the unit to be left spotless. Professional junk removal ensures compliance and prevents extra fees. From small offices to large warehouses, businesses rely on junk removal for efficiency and professionalism. Construction and remodeling projects generate heavy debris. Junk Master, LLC provides reliable hauling so contractors can focus on their projects. Pricing depends on the volume and type of junk, but Junk Master, LLC keeps costs affordable with transparent rates. Factors include: Size and weight of items Type of materials (furniture, appliances, debris, etc.) Labor and hauling distance Special disposal requirements for hazardous materials The company provides free, no-obligation estimates so customers know exactly what to expect. With years of experience, a commitment to customer satisfaction, and eco-friendly disposal practices, Junk Master, LLC stands out as the top junk removal service in Mansfield. Their combination of professionalism, affordability, and community focus makes them the preferred choice for both residential and commercial clients. Clutter doesn't just take up space, it creates stress and inconvenience. Hiring a professional junk removal service in Mansfield ensures you can enjoy a clean, safe, and organized environment without the hassle of doing it yourself. Junk Master, LLC provides the expertise, equipment, and eco-friendly practices necessary to handle all types of junk removal efficiently. If you're tired of the mess and ready for a fresh start, Junk Master, LLC is here to help. Ready to clear the clutter and reclaim your space? Contact Junk Master, LLC today for the most reliable junk removal service in Mansfield. Call now or book online for a free estimate and experience hassle-free junk removal from trusted local experts. TIME BUSINESS NEWS
Yahoo
27 minutes ago
- Yahoo
Microsoft (MSFT) Initiates Update for Arm-based (ARM) Windows 11 PCs
Microsoft Corporation (NASDAQ:MSFT) is one of the best stocks to invest in for beginners. Microsoft Corporation (NASDAQ:MSFT) reported in a blog post on August 13 that it is initiating the rollout of an update for Arm-based (ARM) Windows 11 PCs. A development team working together to create the next version of Windows. The update introduces improvements and changes to the Xbox PC app experience, which is expanding to support game downloads and local play on Arm-based Windows 11 PCs. The blog post stated that insiders can download titles from the Xbox PC app catalog to unlock more games for playing locally on Arm-based Windows 11 PCs. This includes titles that are offered through the PC Game Pass or Game Pass Ultimate subscription. It added that: 'Windows and Xbox are working closely together to ensure compatibility across the catalog, and we're developing new features that will enable more games to be played on Arm-based Windows 11 PCs in the coming months. We're excited to team up with Insiders to continue testing and helping us enable full access to your library of games.' Microsoft Corporation (NASDAQ:MSFT) is a technology company and the largest software developer in the world by revenue. It is the creator of the Xbox gaming console and owns a number of video gaming franchises. While we acknowledge the potential of MSFT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
