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Target’s Stock Plunges 21% on Weak Sales Ahead of Holiday Season
The retailer’s downbeat earnings report, which included lower profit and larger inventory, fell far short of Wall Street’s expectations.
Target shares slide 21% as retailer expects stagnant holiday quarter sales
Target forecast holiday-quarter comparable sales and profit below estimates on Wednesday as value-conscious consumers shopped for low-priced essentials at rival retailers including Walmart, sending its shares tumbling 21%.
Target Stock Slumps To Lowest Point in Year on Weaker-Than-Expected Results
Target shares tumbled 20% Wednesday morning following the release of the retailer's third-quarter earnings report, as it missed estimates for sales and profit.
17h
on MSN
Lawsuit alleging Target illegally collected biometric data can move forward, judge says
A federal judge has dismissed Target's motion to dismiss a class-action lawsuit filed in Illinois over the retailer's ...
2d
on MSN
Target tumbles 22% after its sales and earnings fall short. Here's what went wrong.
Target stock tumbled more than 20% after reporting earnings that fell short of forecasts. Here what's going on.
2d
Target shares plummet as much as 22% as it posts disappointing earnings and cuts guidance
CEO Brian Cornell said the retailer faced "unique challenges and cost pressures" as it cut its guidance for 2024.
2d
on MSN
Target's recent trade imports data tells the real story behind massive earnings miss
Target's CEO and COO cited the recent ports strike as a factor in the retailer's big earnings miss, but shipping data shows ...
21h
on MSN
Target apologizes after firing employee for handwriting ‘trust in Jesus’ on nametag
The employee says she had worn Christian-themed shirts for months at the North Dakota store without any issues ...
2d
Target CEO says shoppers are stretched and waiting until 'the last moment of need' to buy items
Target's third-quarter results came up short as the company described a shift in consumer spending from "resilient" to ...
2d
on MSN
Target stock falls 21% as big discounting effort falls short
The company announced profits that fell short of forecasts by 20%, its widest miss in two years. Revenues, meanwhile, came in ...
1d
Musk and Ramaswamy say DOGE will target $500 billion in spending. Here's where they say they'll cut.
Billionaires Elon Musk and Vivek Ramaswamy say the Department of Government Efficiency has targets in mind for cost cutting.
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