Cash and short-term investments total just ~$1.2 billion. A bright side is Targets income tax rate is at 15.8%, compared with the prior year's rate of 23.4%. This reflects higher commercial paper and average long-term debt levels. In the second quarter of 2022, net interest expense was $112 million, compared with $104 million last year. High debt and a 134.5% debt-to-equity ratio weigh heavily on the balance sheet. Total assets are $51 billion while liabilities are $50 billion. The financial rating is weak at just six out of 10. The company gets good scores for growth and profitability. Amid a struggling national economy, Target opened five new stores and 80 Ulta Beauty centers at Target locations, aiming to reach 250 by the close of 2022. Target enjoys 21 consecutive quarters of comp sales growth. Considering supply chain issues, labor shortages, freight costs and inflation, these numbers are pretty good in the retail business. Same-store sales were essentially flat, increasing 1.3%, but sales increased 8.7% in the same quarter of 2021. In my non-scientific survey of friends and family, they prefer Target because the merchandise is good quality, sells at fair prices they do not think of as discount-store sales, the shelves and racks are orderly, the inventory is not the depth of years before but adequate and it is a pleasant shopping experience.ĭespite the headwinds, comparable sales rose 2.6% in the second quarter on top of 8.9% in the second quarter last year. Digital comparable sales popped 9% on top of almost a 10% increase in the same quarter of 2021. Retail sales softened after the government stopped frantically printing money, but Targets walk-in store traffic rose 2.7% in the second quarter. The price shock was driven by the 90% drop in profits, but this hit was intentional as the company aimed to mitigate overall pain by getting rid of unwanted inventory as consumer tastes changed post-lockdown. But this time, in my opinion, the panic-selling was unmerited and could provide an opportunity for astute investors.įollowing the release of the second quarter earnings report on Aug. Following the release earlier this week of its second-quarter earnings report, the share price tumbled. The stores provide same-day delivery or pickup of orders placed by phone and online. Your are advised to contact customer support for further guidance before sending anything back unsolicited.Target has also been modernizing the supply chain to compete with pure e-commerce players.
TARGET PHOTO PRINT FREE
While Target are not responsible for quality issues due to the photos themselves, or design elements you have chosen, you are free to return orders if there are legitimate quality concerns. Shipping is also available internationally but can take up to 14 business days. Options include Economy, which takes between 7 and 10 days, Express (2 to 5 days), 2 Day, and Overnight. You can also pay and pick up your items in stores.īecause orders have to be printed, shipping takes an extra 2 days on top of the courier's delivery estimates. If your order has multiple items that ship at different times, you may see multiple charges on your credit card statement or gift card balance. Credit/gift cards wont be charged until the order is shipped. Gift Cards from any of the previous credit card companies are accepted too. Methods accepted other than PayPal are Visa, MasterCard, American Express, Discover and Diners Club. There are various ways to buy items from Target Photo, online and in store. Stationary equipment includes birth announcements, birthday invitations, wedding invitations, baby shower invitations, baptism & christening, thank you cards, graduation announcements, party invitations, birthday cards, address labels, journals, Christmas cards, notepads and parent cards.Ī range of photo books can also be bought or customized online to include your photos printed on every page. They also sell a range of customizable gifts for all kinds of occasions that include, phone cases, photo mugs, monopoly games, photo panels, water bottles, luggage tags, mouse pads, puzzles, playing cards, keepsake boxes, jewelry, key chains, magnets and ornaments. Wall décor such as, gallery wrapped canvas framed prints, calendars, framed canvas, mounted prints, framed poster, photo acrylic and wall decals. Some examples of their services and categories include digital photo prints, collage prints, passport photos. Target Photo allows you to print a wide variety of standard prints and merchandise. Target Photo now partners with Kodak Gallery, Shutterfly and Photobucket.
This is all available in store at select Target stores or completely online, where they ship your photos out to you. You can upload photos from anywhere to your Target account and choose from a range of unique print designs which allow you to buy your own personalized product.