Services Sector Companies Announce Earnings Results, New Offers and Grants - Research Report on Target, Dollar General, Sears, Tuesday Morning, and Vipshop
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NEW YORK, August 28, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Target Corp. (NYSE: TGT), Dollar General Corporation (NYSE: DG), Sears Holdings Corporation (NASDAQ: DLTR), Tuesday Morning Corp. (NASDAQ: TUES), and Vipshop Holdings Limited (NYSE: VIPS). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Target Corp. Research Report
On August 21, 2013, Target Corp. (Target) reported its financial results for Q2 FY 2013 (period ended August 3, 2013). The Company's revenue increased 2.0% YoY to $17.1 billion. Net income was $611 million or $0.95 per diluted share in Q2 FY 2013, compared to net income of $704 million or $1.06 per diluted share in Q2 FY 2012. Commenting on the results, Chairman, President, and CEO, Gregg Steinhafel commented, "Target's second quarter financial results benefited from disciplined execution of our strategy and strong expense control, offsetting softer-than-expected sales. For the balance of this year, our U.S. outlook envisions continued cautious spending by consumers in the face of ongoing household budget pressures. In Canada, where we are only five months into our market launch, we continue to learn, adjust and refine operations in our existing stores as we prepare to open another 56 stores by year-end." The Full Research Report on Target Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/3f4d_TGT]
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Dollar General Corporation Research Report
On August 21, 2013, Dollar General Corporation (Dollar General) announced that the Dollar General Literacy Foundation, an initiative by the Company to support literacy and education, has awarded more than $2.5 million in grants to c.650 schools, nonprofits and literacy organizations to support youth literacy programs. Rick Dreiling, Dollar General's Chairman and CEO, said, "Youth literacy grants from the Dollar General Literacy Foundation are awarded at the beginning of the academic year to help make a distinct impact on the communities we serve by supporting programs that improve education and enhance literacy. At Dollar General, we are passionate about our mission of Serving Others and it's exciting to see the real difference literacy and learning makes in people's lives." The Full Research Report on Dollar General Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/5db6_DG]
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Sears Holdings Corporation Research Report
On August 12, 2013, Sears Holdings Corporation (Sears) announced that the Company is offering the "Backpacks and Tires Tracks" as a Back-to-School Special, which is a $9.99 Valvoline conventional oil change. According to the Company, the customers who take advantage of the oil change offer will also receive a $5 Sears coupon with a same day validity, to use in Sears stores while waiting for maintenance services to be completed. Senior Vice President and President at Sears, Joe Finney commented, "Sears Auto Centers are creating convenient experiences to keep Shop Your Way members and customers coming back for more during back-to-school season and beyond, including being open seven days a week and providing the option of shopping in Sears full-line stores while waiting. We know that parents hit the road hard to prepare for back-to-school, and because stop-and-go traffic is tough on the family vehicle, we are offering Valvoline conventional oil changes for $9.99." The Full Research Report on Sears Holdings Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/e176_SHLD]
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Tuesday Morning Corp. Research Report
On August 20, 2013, Tuesday Morning Corp. (Tuesday Morning) reported its financial results for Q4 FY 2013 (period ended June 30, 2013). Revenue increased 2.9% YoY to $202.1 million, during the quarter. Net loss was $15.6 million or $0.37 per diluted share, compared to a net loss of $2.0 million or $0.05 per diluted share in Q4 FY 2012. Commenting on the results, Interim CEO, Michael Rouleau stated, "We have made some good progress on the short-term priorities we laid out for the organization and that is evidenced in visibly cleaner stores, reduction in the level of clearance merchandise and improved flow of fresh merchandise as well as new cash registers being rolled out across the store base." The Full Research Report on Tuesday Morning Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/2fe1_TUES]
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Vipshop Holdings Limited Research Report
On August 14, 2013, Vipshop Holdings Limited (Vipshop) reported its financial results for Q2 2013. Revenue increased 159.7% YoY to $351.3 million, during the quarter. Net income was $9.0 million or $0.08 per diluted share, compared to a net loss of $5.8 million or $0.06 per diluted share in Q2 2012. Commenting on the results, Chairman and CEO of Vipshop, Eric Shen stated, "We are proud to report another solid quarter with strong revenue growth and margin expansion. We believe that these results attest to our growing market leadership and brand reputation as China's leading online discount retailer for brands. Our unique positioning is underpinned by our core competency in merchandizing, logistics and consumer intelligence that are specifically designed and integrated into our differentiated business model. As we continue to leverage our strong market position, we have further grown our loyal customer base and deepened our relationships with our brand partners, strengthening the scale effects associated with our growing business operation." The Full Research Report on Vipshop Holdings Limited - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/2120_VIPS]
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