Target's Trouble Gets Worse
Target Corp. (NYSE: TGT), the second-largest big-box retailer in the country after Walmart, posted abysmal financial results after Walmart Inc.
Target earnings: Consumer slowdown 'disguised' by inflation, former retail exec says
Target's (TGT) latest earnings report did not meet Wall Street's expectations, as the retail giant reported a 3% year-over-year decline in sales and missed estimates for adjusted earnings. Storch A...
Where is Earnings Growth Coming From?
Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following period...
Target (TGT) Slumps: Retail Earnings Outlook
Target's (TGT) release today was disappointing but not surprising, notes Jan Rogers Kniffen. He and Patrick McKeever discuss retail earnings as Target slumps after 1Q revenue falls.
Target 'cautious' on near-term growth outlook as more Americans are maxing out credit cards
Target warned that consumers will remain "pressured in the short term." It's caused the company to report a more cautious in its near-term growth outlook.
Target, McDonald's and others are offering value as they lose ground with bargain hunters
Target's weak results show the fierce battle between retailers that are trying to outmatch each other on deals.
Target (TGT) Q1 Earnings Miss Estimates, Comps Decline Y/Y
Target's (TGT) first-quarter fiscal 2024 results reflect a sequential improvement in comparable sales performance. Markedly, the gross margin rate improves year over year.
Target's Q1 Sales Slide To $24.1 Billion As Consumers Cut Spending
Target Corporation's first-quarter comparable sales fell by 3.7% following a full-year decline in 2023. This has put the near-2,000-door retailer on high alert with actions in place designed to reb...
Target Stock on Track for Worst Day Since 2022
Target Corp (NYSE:TGT) stock was last seen down 8.7% to trade at $142.26, after the retailer reported a first-quarter earnings miss and a 3% sales drop due to lower consumer spending on discretiona...
Target Misses the Mark: Shares Pulling Back to the Buy Zone
Target's NYSE: TGT Q1 results highlight the growing bifurcation in retail. Its results include contracting revenue driven by weakened discretionary spending and loss of market share.
Target (TGT) Q1 Earnings Miss Estimates
Target (TGT) came out with quarterly earnings of $2.03 per share, missing the Zacks Consensus Estimate of $2.05 per share. This compares to earnings of $2.05 per share a year ago.
Target shares feel the heat of intense competition
Target Corp (NYSE:TGT)'s first-quarter results were “consistent with our guidance range”, according to the US department store corporation, but the market had a less-than-rosy interpretation. Share...
Target's stock dives after profit misses the mark, amid weakness in sales of discretionary items
Shares of Target Corp. TGT, -0.59% dropped 7.7% toward a three-month low in premarket trading Wednesday, after the discount retail giant reported fiscal first-quarter profit that missed expectation...
UniCredit studies 'every possible M&A target', rules out SocGen, CEO tells FT
UniCredit studies every possible acquisition target for the bank, Chief Executive Andrea Orcel told the Financial Times in an interview, ruling out interest in Societe Generale.
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