Tag: Target

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...

Walmart and Target executives claimed that the companies' recent quarterly earnings reports indicated that consumers have been trading down to cheaper options over the first three months of 2023. As Walmart CEO Doug McMillion told investors in an earnings call, the retail giant saw a...

Target released its earnings results for the first quarter on Wednesday, expressing confidence about the coming months following a respectable performance. Net sales for the first quarter amounted to $25.3 billion, beating Wall Street estimates of $25.18 billion and achieving a 0.6% year-on-year growth. Despite...