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Top related persons:
Peter Power - 2 Erik Carnell's Abprallen - 2 Target - 1 Brian Cornell - 1 Cornell - 1 Dave Wagner - 1 Ananya Mariam Rajesh - 1 Savyata Mishra - 1
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Target Ancaster Bengaluru
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REUTERS - 2 Pride - 2 Target - 2 Walmart - 2 Thomson - 2 Wall - 1 Aptus Capital - 1 Mastercard - 1

Search resuls for: "Ancaster"


2 mentions found


☆ Target sees profit boost on fewer discounts, Pride backlash hurts sales
  + stars: | 2023-08-16 | by ( Ananya Mariam Rajesh | Thomson Reuters | Ananya Reports On The U.S. Consumer | ) www.reuters.com   time to read: +3 min
REUTERS/Peter Power/File Photo Acquire Licensing RightsAug 16 (Reuters) - Target (TGT.N) cut its full-year sales and profit expectations even as its quarterly profit exceeded Wall Street estimates on Wednesday, benefiting from fewer discounts and better stocked store shelves. The retailer's second-quarter sales, however, dropped 5%, partly due to the fallout of a backlash against its Pride merchandise in May. Target now expects annual comparable sales to decline in the mid-single digit range compared to its prior forecast of low-single digit decline to a low-single digit increase. It expects 2023 adjusted profit per share between $7 to $8, compared with the prior range of $7.75 to $8.75. On an adjusted basis, Target earned $1.80 per share in the quarter ended July 29, beating expectations of $1.39.
Persons: Peter Power, Target, Erik Carnell's Abprallen, Brian Cornell, Cornell, Dave Wagner, Ananya Mariam Rajesh, Savyata Mishra, Aishwarya Venugopal, Arun Koyyur Organizations: REUTERS, Wall, Pride, Aptus Capital, Target, Walmart, Thomson Locations: Target, Ancaster, Bengaluru
☆ Target set to post first quarterly revenue drop in six years as consumers cut spending
  + stars: | 2023-08-14 | by ( Granth Vanaik | Thomson Reuters | Granth Reports On The North American Consumer | ) www.reuters.com   time to read: +3 min
A customer leaves one of the stores of discount retail chain Target in Ancaster, January 15, 2015. REUTERS/Peter Power/File PhotoAug 14 (Reuters) - Target (TGT.N) is expected to post its first quarterly drop in revenue in about six years when it reports results on Wednesday, as the big-box retailer reels from a shift in consumer spending away from discretionary goods to services. "Target is going to suffer more versus the others because they have a much larger consumer discretionary element to their business," Edward Jones analyst Brian Yarbrough said. At least 16 analysts have cut their price targets on the retailer since the beginning of June as its merchandise is skewed towards discretionary items such as clothes, electronics and beauty products. THE CONTEXTTarget in May had warned of dour second-quarter results as inflation forces consumers to shun non-essential goods.
Persons: Peter Power, Edward Jones, Brian Yarbrough, Erik Carnell's Abprallen, Group's Joseph Feldman, Jane Hali, Jessica Ramirez, Granth, Vinay Dwivedi Organizations: REUTERS, Mastercard, American Express, Pride, Associates, Reuters, Refinitiv, Walmart, Target, Thomson Locations: Target, Ancaster, Bengaluru
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