Target’s sales and customer traffic bounced back this week after it closed crime-afflicted stores – suggesting more retailers may begin shuttering locations over shoplifting, sources told The Post.The “cheap chic” discounter posted earnings and revenue that beat Wall Street’s forecasts on Wednesday as markdowns lured inflation-weary shoppers. But Target COO Michael Fiddelke also cited a decrease in “inventory shrink” – or losses from shoplifting – for the company’s rebound. Target said it was making “progre ...

Second-quarter earnings reports for Ross Stores, TJX Companies (parent of TJ Maxx) and Target unveiled a mixed bag of results against a backdrop of economic uncertainty and ongoing supply chain disruptions. While the three retailers have carved out their respective niches, they face unique obstacles that are reshaping their strategies.Ross Stores: A Resilient Performance Amid ChallengesRoss Stores posted a strong performance in Q2 2024, continuing its tradition of delivering value to budget-conscious shoppe ...

Worries had hit shares of Target Co. TGT as rising crime waves in some states where the brand has the most square footage, like California, created a headwind for future earnings. However, these fears seem to have been put to bed as the company released its second quarter 2024 earnings results, sending the stock higher by up to 14% in a single day on a positive reaction to the numbers. In addition to this financial momentum, investors can be sure that the macro picture is also working for consumer staples s ...

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LOS ANGELES, CALIFORNIA - AUGUST 20: The Target logo is displayed at a Target store on August 20, ... [+] 2024 in Los Angeles, California. Target is set to release its second quarter earnings report before tomorrow's opening bell. (Photo by Mario Tama/Getty Images)Getty ImagesTarget (NYSE: TGT) stock rose 10.3% on 21st August, as compared to a 0.4% increase in the S&P 500 index. While Target’s single-day performance stood out, overall sentiment toward retailer stocks was buoyant as indicated by a sharp incr ...

Target Corporation TGT shares are trading lower on Thursday.Yesterday, the company reported better-than-expected second-quarter financial results and raised its outlook.Target has raised its full-year 2024 adjusted EPS outlook to a range of $9.00 to $9.70, up from the previous range of $8.60 to $9.60. This new outlook compares to an estimate of $9.36.Analysts covering the retail behemoth provided their takes:BofA Securities analyst Robert F. Ohmes reiterated the Buy rating on Target, raising the price forec ...

CALGARY, Alberta, Aug. 22, 2024 (GLOBE NEWSWIRE) -- First Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC) today announced details of a webinar to highlight First Helium’s plans to test key exploration targets at the Company’s 100% owned Worsley property in Northern Alberta during the fourth quarter of 2024. Based on a thorough evaluation of recently acquired proprietary 3D seismic data, the Company has identified a significant anomaly in the Leduc Formation which it beli ...

Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>> Here are the key points:The Q2 earnings season produced an overall stable picture of corporate profitability, with management teams generally providing a reassuring view of the economic ground reality. That said, question marks have emerged about the outlook, as estimates for the current pe ...

Key TakeawaysThe S&P 500 added 0.4% on Wednesday, Aug. 21, as the latest Fed meeting minutes showed most officials agreed it was almost time to lower interest rates.Shares of Target and TJX moved higher as increased store traffic helped both retailers achieve sales growth.American Express shares fell after BofA analysts downgraded the stock, citing an uncertain outlook for consumer spending. Major U.S. equities indexes turned higher on Wednesday as investors digested retailer earnings and minutes of the Fed ...

The retail sector is in focus today, with earnings from Macy's (M) and Target (TGT) to unpack. TJX Companies Inc (NYSE:TJX) also announced quarterly results earlier, with both its top- and bottom-line beating analysts' expectations for the second quarter. At last check, TJX was up 6.2% to trade at $120.40, after the company also raised its full-year profit forecast.The shares surged to a record high of $120.89 earlier, and are on track for their third-straight daily pop and best single-day percentage gain s ...