. Today is was Target’s turn to report quarterly results that showed sales soaring but profits crashing as the company was hit by higher costs for goods, shipping, and headcount.
The results also highlight the drag the ESG energy crisis is having on the U.S. economy. So-called ESG investing—an investment strategy focused on largely leftwing environmental, social, and governance priorities—has helped starve the energy sector of investment, pushing up the costs of fuel in the U.S. and around the globe.
Operating income, however, declined to $1.3 billion from $2.4 billion for the same quarter in 2021. Target reported earnings per share of $2.16, down a steep 48 percent from a year earlier. That missed Wall Street’s forecast for $3.06 per share.
BS. Go woke go broke, that’s why stock going down down down
Comon sense , Americans are being beld dry with the cost to live thanks to biden and his Economic Disaster Plan . Food , Fuel and Housing , all the extra junk is not important , Amazon is loosing 20 billion a day , Bezo’s is crying and cutting back on space travel . Ressession
You mean: companies’ greed backfires
Of course! What do they expect? Their tech dept has no one to sell anything! If they sell electronics under lock and key , you to have someone to sell it! Their inexistent inventorry. They promise it at another store but it’s not there. I went to Target
hadheyhemor your boy 😅😂😂
Welcome to the 'new normal' when democrats control our government!
So Target and Walmart are dealing with the same thing the rest of the world is dealing with? Got it 👍🏼
Ummm yeah .......I CALL BULLSHIT!
Well yeah, all of their sweetheart COVID19 deals/agreements with the various city governments are ending