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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
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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