‘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

Nutritionists Share Insights On Eating Bananas For Breakfast

Interestingly, some lesser-known nutrition studies suggest that eating a banana first thing in the morning may cause unexpected blood sugar reactions in certain individuals—something that doesn’t always…

Here’s what the cupboards above your fridge are for

There’s a lot to be said for a neat, tidy home where everything has its place. If you’re anything like me, you’ll find it extremely hard to…

Gary Burghoff retired his role as Radar on M*A*S*H to be a daddy, a role he says is more important than money or fame

Leaving the battlefields of the military-medical comedy M*A*S*H, Gary Burghoff, who played the sweet yet sneaky Radar, surrendered his career to fixing his family, which was slowly…

This actor went from $150 a month to running a farm with his famous wife

Can you guess the iconic actor who went from living in a rundown New York “flophouse” for just $150 a month to owning a peaceful farm with…

Pineapple Dessert Recipe

Craving something cool, sweet, and impossibly easy? This Pineapple Dessert is a retro-inspired delight with a modern twist—layers of fluffy whipped cream, tangy crushed pineapple, and a…

The Connection Between Left-Side Sleeping and Better Gut Health

You’ve probably heard the tip: “Sleep on your left side—it’s better for digestion.” But is there real science behind this age-old advice, or is it just bedtime…

Leave a Reply

Your email address will not be published.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