Reply To: What to Expect with Target Earnings as Gross and Operating Margins Shrink

07 Jun '22 at 6:08 am #38173
TradersCom
Keymaster

Target (TGT 144.82, -14.85, -9.3%) lowers Q2 operating margin guidance to ~2% (prior 5.3%) in conjunction with plan to focus on inventory optimization; reaffirms FY23 revenue growth in low-to-mid-single digit range

Walmart (WMT 120.46, -4.41, -3.5%): trading lower in response to the warning from Target