The undervalued retailer remains competitively positioned with its core customer base.
We expect sales at the wide-moat retailer to rise over the rest of the year.
We think the resignation has more to do with the business that Margo Georgiadis inherited, rather than the business worsening beyond expectations.
We're placing the retailer under review as earnings growth gets crushed by operating margin pressure.
The retailer's liquidation doesn't change our long-term thesis or narrow moat rating for either toymaker.
Robust travel demand supports pricing growth for the cruise operator, driving profit gains.
By prioritizing inventory cleanup, the narrow-moat toymaker likely won't realize the full gains from its turnaround program as soon as originally expected.