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Target now expects comparable sales in a wide range around a mid-single digit decline for the remainder of the year. It also now projects full-year adjusted earnings per share of $7 to $8 ...
Target’s quarterly sales fell for the first time in six years as consumers pulled back on discretionary goods and fierce right-wing backlash to Target’s Pride Month collection took a toll on ...
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 ...
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.
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.
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 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.
That’s after 2023 saw a 1.7% drop in sales to $105.8 billion. Target has failed to make the same inroads as rival Walmart , where sales are steadily growing , though their strategies have converged.