CEO Brian Cornell apologized to customers for a disappointing weekend after the company experienced outages that shut down its cash registers and credit-card processors for several hours.
For the second quarter, analysts surveyed by Refinitiv estimate that the company will earn $1.62 per share on $18 billion in revenue. Cornell said that the company continues to see a healthy consumer environment and strong GDP growth. "Wages are rising, interest rates have stayed in check, and overall, there's strong consumer confidence," he said. Cornell noted that he is starting to see a separation between the winners and losers in retail, and would place Target firmly "in the winner's camp."
Source: News Formal (newsformal.com)
It was a temporary technical glitch, relax
👍 no sweat 💦
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Target CEO Brian Cornell reiterates forecast, apologizes to customers for 'disappointing' weekendThese are the stocks posting the largest moves before the bell.
Source: CNBC - 🏆 12. / 72 Read more »
Mitch McConnell's reparations comments belittle the issueDavid A. Love says those who can't see the importance of a congressional hearing on reparations usually argue that slavery was 'so long ago' -- a shortsighted excuse that dismisses systemic barriers to employment and access to capital, which have created a racial wealth gap. Sorry, that's not what he said. In a nutshell he said 'you don't need reparations because you already got them when BarackObama was elected so STFU about it now', THAT is racist to the core, but what would you expect from anybody from Kentucky, they're ALL racist there. It’s ridiculous because you want to continue controlling the black community by telling them they are not good enough, not smart enough, and not strong enough to make it. Best way to control someone, is to make them rely on you. So if we make a one time payment, can we stop making welfare, unemployment, and food stamp payments? Might be a win overall....
Source: CNN - 🏆 4. / 95 Read more »
Can You Spend Over $400 On Random Stuff At Target?It's tougher than you think. “Yes.” - My wife. Easy Is this a challenge 😉
Source: BuzzFeed - 🏆 730. / 51 Read more »
UK inflation falls to Bank of England target, underlying pressure weakBritain's inflation rate cooled in May and cost pressures in factories fell... Picture taken in shade adds gloom to the situation, it is graphic art, design or plain reflection of truth
Source: Reuters - 🏆 2. / 97 Read more »
David Ortiz was not the target of the shooting in Dominican Republic, police sayGet breaking national and world news, broadcast video coverage, and exclusive interviews. Find the top news online at ABC news. MORE: Ortiz's friend, who was sitting at the same table and was dressed similarly, was the actual target, authorities in the Dominican Republic said at a press conference. Sure...Ok Don’t trust anything the Dominican authorities say. They’re trying to save face.
Source: ABC - 🏆 471. / 51 Read more »
David Ortiz Was Not Intended Target Of Shooting, D.R. Officials SayD.R. officials say Big Papi was NOT the gunman's intended target. sure he wasnt!! lol Do we really want to believe anything they are saying right now...
Source: TMZ - 🏆 379. / 59 Read more »