Reported 1 day ago
Target has decided to stop providing quarterly earnings guidance, citing the unpredictability caused by new Trump tariffs and weather fluctuations. Instead, the retailer will offer a broader yearly outlook, indicating significant pressure for the first quarter and a reduced long-term EPS growth forecast, much to the concern of analysts. This shift comes as Target struggles with lagging sales and increasing competition from Walmart, leaving investors facing a lack of clarity during challenging market conditions.
Source: YAHOO