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

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  • #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

    #36972
    ThePitBoss
    Participant

    Retail giant Target is due to report second quarter earnings premarket on Wednesday. TGT has already cut its profit outlook twice in three weeks with
    [See the full post at: What to Expect with Target Earnings as Gross and Operating Margins Shrink]

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