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Target reported that comparable sales during its second quarter fell 5.4% compared to last year, with the number of transactions and average check size declining in the quarter.
By October 16, the total decline in AB InBev's revenue from sales since the start of the boycott came in as 10.5%. At the same time Yuengling reported that they have been consistently selling out their entire stock and seek to expand their distribution to the remaining 24 states where they aren't sold to fill the void of AB InBev and Bud-Light ...
Target reported net income of $942 million, or $2.03 per share, which is 3 cents short of analysts projections, according to a survey by FactSet. Profit for the period ended May 4 was also below ...
The stock closed about 4% higher Tuesday after rival Walmart posted a positive earnings report. Target’s shares have fallen more than 22% this year and its market value is about $83.38 billion ...
A backlash against Target occurred in the lead up to Pride Month in 2023 after the American retailer released its Pride month merchandise, sparking attacks and threats from conservative, anti-LGBTQ groups. [1] [2] In May 2024, Target announced that not all stores would carry its 2024 pride collection.
A boycott was launched in the United States on July 4, 1977, against the Swiss-based multinational food and drink processing corporation Nestlé.The boycott expanded into Europe in the early 1980s and was prompted by concerns about Nestlé's aggressive marketing of infant formulas (i.e., substitutes for breast milk), particularly in underdeveloped countries.
Comparable sales slipped 3.7% in the latest quarter, a smaller decline from the 4.4% drop during the fourth quarter. Sales declines were primarily in discretionary categories, and were partially offset by continued growth in beauty, the company said. But Target said clothing sales, while still down, improved.
The first-quarter result marked the second straight quarterly decline in Target's comparable digital sales. Fourth quarter sales on this basis dropped 3.6% year over year. Cornell says it's not ...