Holiday blues: The retail sector is jolted by Target's earnings update

The retail sector was jolted on Wednesday by a disappointing earnings update from Target (NYSE:TGT). "We encountered some unique challenges and cost pressures that impacted our …

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Target Shares Slide 21% As Retailer Expects Stagnant Holiday …

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5 days ago · Target also trimmed its annual forecast for per-share earnings to between $8.30 and $8.90 from its prior range of $9 to $9.70 after weaker-than-expected third-quarter results.

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Target Earnings: Stock Falls As Retailer Forecasts Flat Holiday Sales

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4 days ago · Target also cut prices on more than 2,000 items this holiday season. While shopper visits rose 2.4% during the three-month period, that was lower than the 3% traffic growth in the …

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Target Plunge: 5 ETFs Holding The Retailer As Its Shares Slide On

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Holiday blues: Retail sector is jolted by Target's earnings update Nasdaq, S&P fall as Nvidia slips before Q3 report; Target plunges 20% on profit worries Focus On Walmart Over Nvidia And …

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Can Target Turn Fortunes Around For The Holidays After ‘Biggest ...

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5 days ago · Target shares had tumbled by more than 21% as of 1:30 p.m. ET on Nov. 20 as a result of the news. Target Projects ‘Flat’ Holiday Season, Despite Optimism From Competitors. …

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Retail Stocks Outlook: The 3 Biggest Surprises From Q3 Earnings

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Nov 22, 2023 · In Q3 2023, Amazon emerged as a key player in the retail sector, beating earnings estimates with 94 cents versus the projected 59 cents. The company’s revenue was $143.1 …

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GAP - Holiday Blues: The Retail Sector Is Jolted By...

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5 days ago · Target slides after profit guidance stunner ahead of the holidays; Walmart and Costco also dip ; Target Non-GAAP EPS of $1.85 misses by $0.45, revenue of $25.67B …

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FAQs about Holiday blues: The retail sector is jolted by Target's earnings update Coupon?

Why did target's earnings update jolt the retail sector?

The retail sector was jolted on Wednesday by a disappointing earnings update from Target (NYSE:TGT). "We encountered some unique challenges and cost pressures that impacted our bottom-line performance," noted Target (TGT) CEO Brian Cornell. ...

Could target use holiday cheer from shoppers?

Target could use some holiday cheer from shoppers after the retailer reported a decline in sales over the last three months – and expectations of a lackluster holiday shopping season. Shoppers didn't spend as much on apparel and other discretionary products such as furniture, appliances and electronics during the three-month period ending Nov. 2. ...

Did shoppers spend a lot on 'discretionary' purchases at Target?

Still, shoppers didn't spend on those "discretionary purchases that Target relies on," eMarketer analyst Zak Stambor told USA TODAY. "Target's Q3 performance is a stark contrast to Walmart's, highlighting the big differences in their product mixes. Groceries make up about 60% of Walmart's sales but only 23% at Target," he said. ...

What is the closing price of Kohl's Corp (BTT)?

Discover the best brokers for stock trading and ordering other assets! On Monday 09/16/2024 the closing price of the Kohl's Corp. share was $18.92 on BTT. Compared to the opening price on Monday 09/16/2024 on BTT of $19.81, this is a drop of 4.70%. Kohl's Corp.'s market capitalization is $1.85 B by 111.24 M shares outstanding. ...

How did retail stock earnings perform compared to consumer discretionary?

Within the broader context, retail stock earnings still stood out as the top performer. Broadline retail, a subset of consumer discretionary, recorded a whopping 324% earnings growth year-over-year, the highest at the industry level. Consumer discretionary itself experienced the second-highest earnings growth year-over-year at 41.8%. ...