‘Woke’ Department Store’s Stock Price In Free Fall

The ongoing battle against “woke” corporations is nearing the three-year mark, and conservatives have their sights set on one department store that hasn’t learned its lesson after previously being called out.

Target Corp., the vanguard of Pride Month clothing for children, is entering a winter of discontent after badly missing its earning mark right before the holiday season, sending its stock tumbling while shareholders fret about a much-needed change in leadership. CNBC reported that Target’s stock slipped at the opening bell after the company reported third-quarter earnings of $1.85 per share, missing the $2.30 consensus among 29 analysts covering the company. The revenue was 19.6% lower than anticipated and led to a 21% slide in the company’s share price.

In response, Target’s leadership has slashed full-year guidance after raising it the previous quarter, Yahoo reported. Adding insult to injury, Walmart beat expectations on Wednesday, posting outperformances in quarterly same-store sales performance, online sales growth, and overall narrative to investors. Target has been cutting prices on everything from groceries to home goods in a bid to stave off the bleed.During a call with reporters, executives had little explanation for the slide other than to speculate that consumers are being “cautious” about their spending, a defense at odds with economic reports that consumer spending remains robust despite high costs. Target’s longtime Chairman and CEO Brian Cornell told Yahoo that supply chain disruptions played a role as warehouses overflowed with unsold inventory; still, he insisted, leadership has the “appropriate approach” for the holiday season, but is “guiding for some conservatism.”

VA

Related Posts

The Postcards My Grandma Gave Me Were Hiding A Secret She Took To Her Grave

The relationship I had with my grandmother was a mix of frustration and quiet affection. Every year on my birthday, she had one strange tradition: she would…

Doritos Taco Salad

This Dorito Taco Salad is a fun and flavorful twist on a classic taco salad, combining savory seasoned ground beef with fresh salad ingredients and the irresistible…

Cinnamon Sugar Bite-Size Biscuits

These easy, sweet pull-apart bites are made with refrigerated biscuit dough dipped in butter and rolled in a classic cinnamon–sugar blend—perfect for a fast breakfast or dessert.Baking…

Biker Stops to Help Girl With Flat Tire, Discovers Terrifying Secret in Car Trunk

While driving late on Highway 42, the narrator noticed a white sedan on the shoulder with its hazard lights blinking. Though initially tempted to keep driving due…

On my 66th birthday, my son and his wife handed me a color-coded list of house chores for twelve days, kissed my grandchildren goodbye unde

On my sixty-sixth birthday, my son and his wife handed me a list of house chores for twelve days, kissed the grandchildren goodbye in the glow of…

A father and daughter vanished during a weekend sail. Twelve years later, his grieving wife uncovers the truth: a hidden betrayal, a violent storm, and a desperate choice that left only secrets behind—until time revealed what happened on the water.

The disappearance of Julián Gómez and his 12-year-old daughter, Laura, began as a seemingly ordinary family outing—one of many short sailing trips they had taken aboard their…

Leave a Reply

Your email address will not be published. Required fields are marked *