Features of missing analysts at about half a billion dollars in the wake of DEI provinces
The goal was … we must say that … a goal on his back since thatRolledDei initiatives, which leads to a boycott of social media and11 consecutive weeksIt is a decrease in traffic from April 22. Now the company has lost the Bull’s eye.
On Wednesday, TARGET announced a profit call that it had received 23.85 billion dollars in revenue, lost the expectations of analysts by about half a billion dollars, and decreased by 2.8 % on an annual basis. 3.8 % sales fell compared to the past year.
Customers went to the store less and bought less on each trip. Traffic in the store decreased by 5.7 %, the number of transactions in the store and the Internet decreased by 2.4 %, and the amount of customers spent by 1.4 %. TARGET is now expected to decrease in total sales in the low individual numbers in this fiscal year, which reflects its previous projection on the growth of 1 %.
The company blamed the uncertainty about the customs tariffs, the reaction of the reverse reaction to the canceled diversity initiatives, and the morale of consumer depression for its bad quarter.
This is a classic case from A.Periodic retail stores“Feeling the heat of economic uncertainty – when the economy is good, the targeted mutations. But when the times are bad, consumers will go to alternatives that they think are cheaper, like Wal Mart. And on a braid, Wall Mart eats tartet lunch. Megastore recently reported that it has seen an increase in spending on grocery storesEarn more than $ 100,000general. Even the rich are looking for deals on eggs.
The profits of the modified target per share decreased by approximately 36 % from last year, to $ 1.30, less than expectations. The margins were pressed by the supply chain costs, digital loyalty expenses, and heavier discounts than usual. The stock decreased by approximately 30 % this year.
Guess The Red Bulls-Eye logo is a different goal of these days.
This was the report It was originally published by Financial drink.
This story was originally shown on Fortune.com
