Target Tgt Q2 2022 Earnings Profits Down Nearly 90
Joe Raedle | Getty Images Target on Wednesday said its quarterly profit fell nearly 90% from a year ago, as the retailer followed through on its warning that sharp cuts to junk merchandise would weigh on results. The big-box retailer missed Wall Street expectations by a wide margin, even after the company itself cut guidance twice. However, the company reiterated its full-year forecast, saying it is now positioned for a recovery....