‘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

Obama Says Democrats Should Embrace Socialists As Part of Party’s Future Vision

Former President Barack Obama has urged Democrats to take a broader, more inclusive approach to the future of their party — one that welcomes socialists and progressives…

Mamdani Faces Backlash Over Expensive ‘Freebie’ Victory Party

Mayor-elect Zohran Mamdani campaigned on promises of affordability, free public services, and economic equality. But his victory party in Brooklyn offered none of that — featuring a…

Obama Says Democrats Should Embrace Socialists As Part of Party’s Future Vision

Former President Barack Obama has urged Democrats to take a broader, more inclusive approach to the future of their party — one that welcomes socialists and progressives…

Heartfelt Farewell: Ryan Seacrest Reflects on His Father’s Last Days and the Emotional Goodbye

Ryan Seacrest, the celebrated television and radio host, recently shared deeply personal and heartbreaking news with fans worldwide: his father, Gary Seacrest, has passed away after a…

People Shocked to Learn Reason Public Toilet Doors Don’t Touch The Floor

The reasons why public toilet doors don’t touch the ground. Ventilation and Odor Control Leaving a gap at the bottom allows air to circulate more freely, reducing…

My HOA President Fined Me for My Lawn — So I Made Sure He’d Never Stop Checking It – Wake Up Your Mind

Gregory, our HOA’s clipboard king, had no clue what storm he kicked up when he fined me for grass a half-inch too long. Half an inch. I’ve…

Leave a Reply

Your email address will not be published.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