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

📆 5/17/2023 1:30 AM
📰 CNBC

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The big-box retailer Target is at risk of slower sales as consumers spend less on discretionary merchandise.

The big-box retailer is at risk of slower sales as consumers spend less on discretionary merchandise.

It already gave a conservative outlook for the year, and its report follows Home Depot's revenue miss.A customer is seen in the parking lot of the Target store at the Paxton Towne Centre near Harrisburg.will report fiscal first-quarter earnings before the bell as pricier groceries, rising mortgage rates and summer vacations weigh on wallets.in February, saying comparable sales could range from a decline of 1% to a gain of 1% for the full fiscal year.

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Target earnings on deck as discretionary spending looms large for the retail giantAnalysts are expecting Target to see a slowdown in discretionary spending when the retailer reports first-quarter results Wednesday.
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