Target saw its stock plunge by 21% on Wednesday after the retailer reported worse-than-expected third-quarter earnings and lowered the guidance for fiscal 2024.
Unlike its rival Walmart, which reported impressive financial results the day before, Target failed to attract customers to its stores and encourage...
Target saw its shares surge by more than 11% on Wednesday after the retailer shared a better-than-expected earnings report for the fiscal second quarter and raised its full-year profit guidance.
Target’s sales grew by 3% in Q2, marking the first growth since the fiscal fourth...
Target shares rose by 8.5% in premarket trading on Tuesday after the retail giant released its earnings report for 2023. The company's net sales were $31.9 billion, thereby exceeding analysts' estimates of $31.38 billion. Gross profit came in at 25.6%, eclipsing the 22.7% in...
U.S. big box stores have experienced an upward surge in incidents of theft over the past financial quarter, suffering further inventory shrinkage as a result. This problem is compounded by other incidents such as organized crime, damage, vendor fraud, and lost items.
Home Depot, Target,...
Investors are bracing themselves for a week of quarterly financial results from the United States' premium Box Box stores, with the likes of Walmart and Target leading the charge. Home Depot, TJX Companies, Deere & Co., and Ross Stores are also set to release...
Target's stock has been downgraded from a "buy" to neutral by Citi analyst Paul Lejuez, explaining that the company's high exposure to discretionary sales does not put them in a strong position given the current economic landscape.
"Considering the competitive landscape, we believe Walmart is...
