Target (TGT) reported fiscal third-quarter earnings before the bell this Wednesday morning, and the results sent shares into a frenzy. They’re up 17% so far this morning after the retailer beat the top and bottom line consensus. For the past few quarters Target has faced a weakening environment as inflationary pressures have shoppers looking [...]
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 [...]
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 [...]
