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WMT May 2024 65.000 call
- Yahoo Finance Video
What Target vs. Walmart earnings tell us about the consumer
Target (TGT) recently posted its first-quarter earnings, missing out on Wall Street estimates, revealing a loss of 3% in comparable sales year-over-year and a drop in US traffic by 1.9% year-over-year. Meanwhile, in Walmart's (WMT) recent quarterly report revealed an increase in comparable sales and US traffic by 3.8% year-over-year. Yahoo Finance Retail Reporter Brooke DiPalma joins Wealth! to compare the earnings figures between these two retail giants and what they signal about the consumer. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
- Yahoo Finance
Target earnings miss the mark as inflation-battered shoppers avoid buying things they don't really need
Target comes up short after having shown signs of improvement in its business to cap off 2023.
- Barrons.com
Target Earnings Miss as Consumers Pull Back. The Stock Tumbles.
Revenue falls 3.1% in the retailer’s fiscal first quarter, driven by continuing softness in non-essential categories.
