Target’s inventory course correction, announced premarket, are the right moves but come a little late, one analyst group says. $TGT will focus on some categories, like food and beauty, and downplay others, like home, where demand has lessened.
Target Corp.’s inventory course correction, announced during Tuesday premarket hours, are the right moves but come a little late, one analyst group says.
Target now expects the second-quarter operating margin rate will be in the 2% range, and an operating margin rate in the range of 6% for the back half of the year. The company still expects full-year revenue growth in the low- to mid-single digit range, and expects to maintain or gain market share for the year.
See: Unlike Target and Walmart, beauty and fashion retailers post better-than-expected quarterly results as shoppers fill their social calendars Quo Vadis takes a bearish view of Target’s situation, adding that this latest plan indicates an internal problem rather than an external one.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chicago Bulls' Biggest Draft Needs, Two Prospects Team Could TargetWho will the Chicago Bulls select with the No. 18 pick in the 2022 NBA Draft? K.C. Johnson names a pair of potential targets.
Read more »
DeFi community rallies behind PoolTogether to hit $1.4M NFT defense funding targetIt has taken the project just ten days to reach its funding goal of 769 ETH, signaling strong support for the DeFi community who are rallying against a lawsuit that some feel is an attack on the greater sector as a whole.
Read more »
‘I Saw It All': Uvalde Pastor Who Was Gunman's Early Target Recounts Terror in SermonOne of the first people shot at by the gunman who killed 19 children and two teachers in Uvalde, Texas, is now trying to comfort the community.
Read more »
Uvalde gunman’s early target recounts terror in sermonGilbert Limones and a coworker at a funeral home were two of the first targets of the gunman who killed 19 children and two teachers at a Texas elementary school, and Limones has spent most of his days since helping prepare for the young victims’ burials and consoling shattered families.
Read more »
Uvalde gunman's early target recounts terror in sermonOne of the first targets of the gunman who killed 19 children and two teachers in Uvalde, Texas, is now trying to comfort the community
Read more »
Texas school gunman’s early target recounts terror in sermon: ‘I was screaming, screaming at 911′Gilbert Limones preaches in both Spanish and English. He was animated before the congregation, which meets just one right turn and another left away from Robb Elementary School and Hillcrest Memorial Funeral Home.
Read more »