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Target Just Slashed Its Annual Sales Forecast. Here’s How It ‘Lost Its Way’
Target slashed its annual sales forecast on Wednesday, after a surprisingly sharp fall in quarterly same-store sales, as customers pulled back on discretionary purchases due to ongoing worries about inflation and the economy due to U.S. President Donald Trump’s trade war.
↘️ Target (TGT): The retailer posted weaker-than-expected sales and cut its annual forecast, citing uncertainty around tariffs and consumer demand. Shares fell about 4%. ↘️ Lowe’s (LOW ...
Smaller rival Kimberly-Clark lowered its annual profit target on Tuesday and warned ... majority of consumer staples companies to cut their earnings forecasts significantly ...
Benzinga on MSN1d
Target Cuts Outlook as Economic Uncertainty, Tariff Pressures, and DEI Backlash Undermine SalesTarget cut its full-year sales outlook on Wednesday after first-quarter results missed expectations. The retail giant ...
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