16 08, 2023

Target Points to Weakening Demand and Pride Month Debacle in Latest Earnings: How Bad is it?

By |2023-12-07T19:54:01+00:00August 16th, 2023|Categories: Feature: Stock Market Investing, Featured: News, Stock Market News|Tags: , , , , |

Early this morning Target (TGT) reported second-quarter earnings that beat expectations while revenue fell just short of analyst estimates. But, the key takeaway from the call was that the company was reevaluating its full-year guidance, walking back its previous forecast. In fact, the company is expecting sales to decline by mid-single digits for the [...]

19 08, 2022

Target Feels the Effects of Inflation in Latest Earnings Report – 2 Reasons It’s Still Rated a Buy

By |2023-08-02T19:20:04+00:00August 19th, 2022|Categories: Feature: Stock Market Investing, Featured: News, Stock Market News|Tags: , , , , , , |

The second quarter wasn’t kind to many companies, especially retail stores like Target. As inflation continued to heat up, the company saw its profits drop an astounding 90%. While competitors like Walmart are suffering the effects of inflation-weary customers as well, the extent to which Target has been affected is far more significant due [...]

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