Target Stocks Plunge – IOTW Report

Target Stocks Plunge

Forbes: Shares of Target collapsed Wednesday after the brick-and-mortar retailer posted disappointing first-quarter earnings spurred by unexpectedly high costs that offset rising sales—spelling more trouble for the broader retail industry just one day after competitor Walmart posted its own stock-market plunge.

Target stock plunged as much as 26% to less than $160 on Wednesday—hitting its lowest point since late 2020 and erasing more than $25 billion in market value—as investors digested the retail giant’s morning earnings report, which revealed profit margins that were “well below” expectations due in part to higher freight and transportation costs.

Though the firm posted its twentieth consecutive quarter of sales growth and $25.2 billion in total revenue, Chairman and CEO Brian Cornell said the “unexpectedly high costs” pushed first-quarter earnings down 48.2% from one year prior. more

29 Comments on Target Stocks Plunge

  1. Jethro, GOOD ON YOU! Have not been into a Target store since those limp wristed commie faggot traitor liberals turned their back on the United States Marine Corps Reserves at Christmas time. Refusing to send coffee to the troops at war really pissed me off. That bathroom neutral gender thing only made things worse for those clock suckers. FJB, Let’s Go Brandon.

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  2. Unfortunately, I had to buy shampoo and conditioner from them online because it isn’t in other stores because, you guessed it!
    Thanks, Brandon!

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  3. Where the hell am I going to find chest compressors and bulge binders if they go under?

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  4. A better title for this post would be,”Stocks Plunge……..Off A Friggin’ Cliff”.

    1200 points off on the Dow today. Wealth creation and capital preservation, all things as foreign to this administration as election integrity.

    Anyone with stocks, a pension, or a 401k has just seen their life savings pushed back 2 years, and it will not get any better for a long while.

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  5. Walmart went down the other day. Pretty obvious what is happening, people aren’t buying as much stuff with all their income going to food, gas, utilities etc. It can’t be they aren’t raising prices as I’ve watched a 28 oz can of beef go from $6.30 to $9.60 over the 10 months.
    These assholes all signed up for this when they agreed to get Trump out at any costs. Now they get to see how real that decision was.

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  6. THE FUN IS JUST BEGINNING

    RECESSION COULD BE 18 MOS OR MORE

    REMEMBER ALSO..THESE ASSHOLES WANTED TO SHOVE ANOTHER $3.5T BILL THRU THAT WOULD HAVE SEALED OUR FATE

    I RECOMMEND PROZAC AND PABST

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  7. I stopped going to Target when they started letting mentally gender confused types pick their bathroom of choice dependent of their whim of the hour.

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  8. I went in one once many years ago, bought nothing, and thought, “This place sucks!”

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  9. This shit leftist sunk K Mart, JCPenney, and others. Chic-fil-A hasn’t had a line out front since they went for it, prior to that the line was a block long any day except Sunday and any time. Target is the absolute worst. I’ve been in one once.

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  10. Erik
    Been wondering the same thing. Makes no sense. Not logical. Time to buy more lead. Someones fucking with us and it’s going to get lots worse.

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  11. Gold and silver are the most manipulated markets out there. The spot price is flat or lower, but the premium to take possession is high. There has to come a time where this useless paper currency is recognized as being near worthless, but I thought it would have been a few years ago. So here I sit, thinking, is this the last good buying opportunity?

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  12. Brad, I don’t get it. By now silver should be soaring towards 40 dollars an ounce. It was at 22.something today. And with all the horrible news with +4 dollar petrol and the Dow dropping almost 4%. WTF is going on?

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  13. joe6pak

    That’s absolutely true. But both metals are strategic in defense, oh what the hell, offense, weapons. Someones jerking us around. As usual. Sooner or later it’s not just shiny. It’s strategic.

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  14. Bless their heart.

    I stopped going to Target when they allowed men in the women’s bathroom. At the one Target in my county a freak man was caught filming little girls in the women’s room. Store employees did nothing but shrug. Customers went after the guy and managed not to kill him until the cops arrived. Let’s go Target!

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  15. “Customers went after the guy and managed not to kill him until the cops arrived.”

    SO THEY KILLED HIM AFTER THE COPS GOT THERE?? GOOD TEAMWORK!!

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  16. Soon these woke businesses will go the way of Netflix, I think after seeing their disastrous stock fall, it was time to change course. I guess they know what “get woke go broke” means. It’s too late, now they have an uphill battle to regain its lost customers. Just like Target, Disney, Starbutts, etc. What were they thinking? BTW, I’m seeing less and less cars in the Starbutts and Dutch Bros., drive through. It’s located across the street from the Chevron gas station – which their gas sign says $6.36 for diesel, and $5.75 for regular. Do I fill up with gas or do I buy a latte? For me, neither.

    BTW, how would Target change it’s pedophile culture?

    https://iotwreport.com/netflix-fires-major-warning-shot-at-its-woke-employees-with-new-culture-memo/

  17. Target Corporation (TGT)
    NYSE – Nasdaq Real Time Price. Currency in USD

    154.47-7.14 (-4.42%)

    As of 09:51AM EDT.

    Another 7% loss and the day isn’t over! The bottomless pit is Target.

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