Rough reports and downbeat guidance from Target and Walmart highlight the toll inflation is starting to take on margins, earnings, and consumer spending.
It wasn't long ago that investors were pummeling shares of Target (NYSE: TGT). The stock plunged nearly 30% during the week in May when it surprised investors with its first-quarter earnings report. As of 3:15 p.m. ET, Target stock was holding on to a gain of 2.7%.
Target (TGT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.