Target will report earnings before the bell. Here's what to expect

Target will report earnings before the bell on Wednesday, days after rival Walmart posted its quarterly results.Targetthat it anticipated comparable sales would range from flat to up 2%, and adjusted earnings per share would range from $8.60 to $9.60 for the full year.That would represent a drop in sales from $25.32 billion in the year-ago quarter.

Target acknowledged consumers' inflation weariness — and competition with discounters such as Walmart, Aldi and others — with its price cuts earlier this week. Target said it is concentrating most discounts on grocery staples including milk, meat, bread, fruit and vegetables, as well as paper towels and diapers.Shares of Target closed Tuesday at $TK, bringing its market value to $TK. As of Tuesday's close, shares of Target are up/down TK%, lagging/leading the S&P 500.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

We're raising our price target on Apple after its big earnings beat and raiseThe consumer tech giant is as strong as ever, and we see positive catalysts ahead.
Fuente: CNBC - 🏆 12. / 72 Leer más »