Target Lowers Earnings Guidance Hurt by Strapped Consumers

Retail giant Target reported worse than expected third quarter earnings premarket on Wednesday. TGT cut their profit outlook again, something they have done multiple times this year. TGT stock slumped around 15% premarket. Target will continue to heavily discount its excess inventory. Competitor Walmart reported better than expected earnings Tuesday. It appears strapped customers are heading to cheaper product at WMT. Gross and operating margins are expected to shrink further again in the quarter, as discounts and higher supply-chain costs … Continue reading “Target Lowers Earnings Guidance Hurt by Strapped Consumers”

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

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 its EPS expected to fall by around 80% year-over-year after rapidly liquidating its excess inventory. $TGT reported worse than expected first-quarter earnings missing on major metrics and its shares fell over 26%. Competitor Walmart reports Tuesday. Gross and operating margins are expected to shrink further again in the quarter, as discounts and higher supply-chain costs … Continue reading “What to Expect with Target Earnings as Gross and Operating Margins Shrink”

Target Misses Earnings Metrics as Margins Collapse on Soaring Expenses

Retail giant Target Corporation on Wednesday reported worse than expected first-quarter earnings missing on major metrics. $TGT shares fell over 26%. Competitor Walmart reported yesterday and also sold off on its earnings miss for its largest single-day percentage decrease since 1987. Target management said fuel and freight costs will be $1 billion higher this year than it had expected, with little sign of their easing throughout 2022.  Target Corporation NYSE: TGT Reported Earnings Before Market Open Wednesday  $1.09 Missed $1.11 … Continue reading “Target Misses Earnings Metrics as Margins Collapse on Soaring Expenses”

Target Misses on Earnings, Revenue and Same Store Sales

Retail giant Target Corporation on Tuesday reported worse than expected third-quarter earnings missing on major metrics. $TGT shares fell over 12% before the open, Competitor Walmart reported last week. E-commerce sales were higher with $WMT and $AMZN’s ahead.