Target's (TGT) Reiterated 2nd-Half Guidance 'Matters More' - Stifel
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BMO Capital reiterates positive view on Target (TGT) as 'vast majority' inventory optimization costs happened in 2Q
August 17, 2022 7:50 AM EDTBMO Capital analyst Kelly Bania reiterated an Outperform rating and $190.00 price target on Target (NYSE: TGT) following results, noting the company said the "vast majority" of expected inventory optimization costs happened in 2Q.
The analyst commented, "TGT's F2Q23 EPS missed on... More
Target profit crumbles as inflation-weary consumers shun discretionary spending
August 17, 2022 6:38 AM EDTBy Uday Sampath Kumar
(Reuters) -Target Corp reported a bigger-than-expected 90% fall in quarterly earnings on Wednesday and missed estimates for comparable sales as it struggled to lure inflation-hit shoppers with steep discounts on apparel, electronics and home goods.
A host of U.S. retailers have issued profit warnings in recent weeks as consumers squeezed by higher prices for everything from toothpaste to gas curtailed spending on non-essential items.
As Target relies more on discretionary categories, it is prone to take a bigger hit during tougher times... More
Target (TGT) Misses Q2 EPS by 41c
August 17, 2022 6:31 AM EDTTarget (NYSE: TGT) reported Q2 EPS of $0.39, $0.41 worse than the analyst estimate of $0.80. Revenue for the quarter came in at $26.04 billion versus the consensus estimate of $26.05 billion. Comparable were up 2.6%.
While the Company is planning cautiously for the remainder of the year,... More
