Target Misses Earnings Metrics as Margins Collapse on Soaring Expenses

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  • #36972
    ThePitBoss
    Participant

    Retail giant Target Corporation on Wednesday reported worse than expected first-quarter earnings missing on major metrics. $TGT shares fell over 26%.
    [See the full post at: Target Misses Earnings Metrics as Margins Collapse on Soaring Expenses]

    #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

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