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Target Shares Slide After Inflation Hurts Earnings

Target posted weaker-than-expected first-quarter earnings and a sales drop Wednesday, following a slowdown in spending as inflation-weary shoppers continued to keep their budgets in check, causing shares of the discount chain to fall in pre-market trading.

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Target Shares Slide After Inflation Hurts Earnings
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    Target Shares Slide After Inflation Hurts Earnings

    Target Shares Slide After Inflation Hurts Earnings

    Target posted weaker-than-expected first-quarter earnings and a sales drop Wednesday, following a slowdown in spending as inflation-weary shoppers continued to keep their budgets in check, causing shares of the discount chain to fall in pre-market trading. Key Facts Target recorded adjusted earnings …

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