Target will report fiscal third-quarter earnings on Wednesday, as the company tries to claw its way back from a string of disappointing results and high-profile setbacks.
Investors will listen for any signs that the retailer's sales are turning around as Target gets ready for the crucial holiday season.
Yet Target, which sells a heavier mix of clothing, home goods and impulse purchases than some rivals, has been particularly squeezed.
The Minneapolis-based company cut its full-year forecast in August, saying it expects comparable sales to decline by about a mid-single-digit percentage and earnings per share to range from $7 to $8.
Shares of the company have fallen nearly 26% this year, with their value cut by more than half since the highs of the Covid pandemic.
Organizations:
Target, LSEG
Locations:
Minneapolis