‘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

They Called Me Broke and Threw Me Out While Pregnant—Unaware My Aunt’s Estate Was Worth Far More Than They Knew and That Someone in My Own Home Tried to Redirect the Funds, Turning Betrayal Into a Legal Reckoning I Refused to Let Steal My Children’s Future

I always believed we were barely scraping by—counting groceries, stretching paychecks, measuring gas in miles instead of gallons—until the morning my mother-in-law threw my bag into the yard like it…

Read more

My daughter drew this on her own, but she felt very sad because no one complimented her ☹️🥺😔

My daughter drew this on her own, but she felt very sad because no one complimented her ☹️🥺😔 So now I’m going to treat you to a math problem designed…

Read more

The Pies I Baked in Grief Changed My Life

Grief doesn’t always crash into your life like a storm. Sometimes it arrives softly, settles deep in your chest, and quietly reshapes who you are. For me, it led me…

Read more

My Boyfriend And I Carried His Baby

I truly believed I was building a forever kind of family with the father of my child—until a simple grocery run proved how wrong I was. When I discovered I…

Read more

Thirteen years ago, I became a father in the middle

Thirteen years ago, I became a father in the middle of a tragedy. I built my entire world around a little girl who had lost everything in a single night….

Read more

I Came Home to an Empty Stall

The first thing I noticed wasn’t the missing horse — it was the silence. The kind of silence that feels wrong in your bones. When I stepped into the barn…

Read more

Leave a Reply

Your email address will not be published.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