US retail sales unexpectedly rose in August, signaling a resilient consumer. Zacks Investment Management client portfolio manager Brian Mulberry joins Josh...
US retail sales unexpectedly rose in August, signaling a resilient consumer. Zacks Investment Management client portfolio manager Brian Mulberry joins) — the parent of chains TJ Maxx, Marshalls, HomeGoods — as a buying opportunity, highlighting its positive growth story. He notes that the company's revenue growth is up 6% year-over-year as its brands capture more of the consumer's wallet share.
Mulberry also points to consumer confidence stalling amid heated competition as a further reason investors should stay away from Target."Obviously, they had some issues with inventory control coming out of COVID. They've tried to discount a lot of that inventory to keep it moving off of the shelf, but that's opened up again another line of competition.
I think the real earnings growth is there and that will attract those investors that are actually looking for that better relative earnings growth compared to their peer group.Let's look at talk about maybe some downside risk that viewers need to be aware of growth plans, you say could be disrupted. And this is obviously a clear sign of a retailer that's not connecting with consumers in a positive way.
Revenue Growth TJ Maxx Retail Sales Homegoods Mulberry Target
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