- an approximate $69 million for changes in estimated contingent liabilities related to employment claims in Brazil; and
- an approximate $36 million for damages from Superstorm Sandy, mainly in the Walmart U.S. business.
CEOs were slow to respond even after Merck CEO Ken Frazier was the first executive to exit President Donald Trump's manufacturing council.
Target's thinking? Most shopping is still done in stores. At least, for now.
Navigating retail earnings.
A major breakout for Target should trigger soon off the back of strong fundamentals.