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20.05.26 - 19:12
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Target Tempers Expectations After Best Sales Gain in Years (Bloomberg)
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Target Corp.'s turnaround gained traction last quarter, but the retailer worried investors after striking a more cautious tone about the coming months. The company that has been struggling to revive growth after a pandemic-fueled boom showed Wednesday that it's making progress. Comparable sales jumped 5.6% last quarter, the biggest increase since the end of 2021 and triple the gain analysts were expecting. The chain also raised its annual revenue guidance by 2 percentage points to about 4%.
Target is looking to win back increasingly selective shoppers amid resurgent concerns about inflation as the conflict in the Middle East boosts gas prices. Competitors such as Walmart Inc. and Costco Wholesale Corp. have been gaining market share with low prices, increased online options and expanded selections.
For more on Target's results, we speak with Jennifer Bartashus, Senior Retail Staples Analyst for Bloomberg Intelligence. (Source: Bloomberg)...
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20.05.26 - 13:12
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ROUNDUP: Target Boosts Net Sales Growth Outlook (AFX)
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MINNEAPOLIS (dpa-AFX) - While reporting financial results for the first quarter on Wednesday, discount retailer Target Corp. (TGT) maintained its earnings and adjusted earnings guidance for the fu......
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20.05.26 - 13:01
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Target Corp. Q1 Profit Falls (AFX)
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MINNEAPOLIS (dpa-AFX) - Target Corp. (TGT) released earnings for first quarter that Drops, from last yearThe company's bottom line came in at $781 million, or $1.71 per share. This compares with $......
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21.07.25 - 16:00
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Stock Market Live July 21: S&P 500 (VOO) Inches Higher on More Good Earnings News (24/7 Wall St.)
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Live Updates Live Coverage Updates appear automatically as they are published. Texas's Star Rises 9:38 am In happier analyst news, Seaport Global Securities analyst Jay Goldberg upgraded Texas Instruments (NYSE: TGT) today. Removing his sell rating on the stock, Goldberg upgraded to neutral. “We thought the analog inventory cycle was not going to improve and […]
The post Stock Market Live July 21: S&P 500 (VOO) Inches Higher on More Good Earnings News appeared first on 24/7 Wall St.....
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