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TGT 2Q: What to look for
Target is set to report second quarter earnings Wednesday morning, and let’s just say it would be a surprise if there were any surprises. The company is pretty thorough when it comes to managing investor expectations and provides commentary regarding whether analysts’ estimates are too high or too low.
That was the case at the end of the first quarter when the company indicated the then consensus estimate of $1 a share for the second quarter was too high, or as CFO Doug Scovanner indicated “above the midpoint of a reasonable range of likely outcomes.”
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Sam’s turns to DemandTec to add eValue
Membership upgrade activity at Sam’s Club could see some improvement in the months ahead if a new software program lives up to its billing. Sam’s Club said it will use DemandTec’s Deal Management software service to enhance its eValues program, which provides members at the $100 Plus level with customized savings offers. Sam’s created the program to added value to its premium membership level and encourage upgrade activity.