A tale of 2 marketsTarget drops quarterly sales & yearly profit guidance on lower sales and a drop in shopping into the holidays<meanwhile>A fully functioning 18-karat gold toilet 'America' sells for $12.1M at Sotheby's https://t.co/OQahDwbfGz ...

Hello, hello. Good Wednesday morning from Yahoo Finance's New York City headquarters studios. I'm Yao Finance executive editor Brian Sazi.The day has arrived. It's Nvidia earnings day after the close and by judging what Nvidia founder and CEO Jensen Wong was doing last night. He thinks the earnings results will crush.Let's put up a photo here. There you can see Jensen uh just hanging out at the White House with Nvidia chip users. Elon Musk of Tesla and opening eyes.Greg Brockman. No clue if AI's David Saxs ...

Hello, hello. Good Wednesday morning from Yahoo Finance's New York City headquarters studios. I'm Yao Finance executive editor Brian Sazi.The day has arrived. It's Nvidia earnings day after the close and by judging what Nvidia founder and CEO Jensen Wong was doing last night. He thinks the earnings results will crush.Let's put up a photo here. There you can see Jensen uh just hanging out at the White House with Nvidia chip users. Elon Musk of Tesla and opening eyes.Greg Brockman. No clue if AI's David Saxs ...

Core Insights - Target Corporation reported its third-quarter fiscal 2025 earnings, indicating a continuation of previous trends that may concern investors [1] Financial Performance - The earnings report reflects ongoing challenges faced by the company, suggesting a potential decline in sales and profitability [1] - Specific financial metrics and comparisons to previous quarters were not detailed in the provided content [1] Market Reaction - The market's response to the earnings report may reflect investor sentiment regarding the company's future performance and strategic direction [1]

A tale of 2 marketsTarget drops quarterly sales in yearly profit guidance on lower sales and a drop in shopping into the holidays<meanwhile>A fully functioning 18-karat gold toilet 'America' sells for $12.1M at Sotheby's https://t.co/sZAIIVn8sX ...

Core Insights - Target is facing declining sales and profits, prompting a commitment to increase capital spending by an additional $1 billion to a total of approximately $5 billion in 2026 to support new stores, remodels, and digital upgrades [2][3] - The company reported third-quarter net earnings of $689 million, a 19% decrease year-over-year, with net sales down 1.5% to $25.3 billion [4] - Comparable sales fell by 2.7%, primarily due to a 3.8% decline in store traffic, although digital sales grew modestly by 2.4% [5] Investment and Strategy - The incoming CEO, Michael Fiddelke, plans to enhance merchandising strategy, improve in-store experiences, and leverage technology for operational consistency [6][8] - Target is implementing price reductions and seasonal promotions to attract consumers during the holiday season [6] - The company is also reducing overhead costs, including a significant layoff of about 1,800 corporate roles, to streamline decision-making and improve efficiency [7] Future Outlook - Despite the investment plans, management has lowered its fourth-quarter sales guidance and adjusted full-year earnings forecast to approximately $7 to $8 per share [7] - Fiddelke faces the challenge of restoring momentum in a competitive retail environment, focusing on value, convenience, and speed [9] - Effective deployment of the $5 billion investment is crucial for improving productivity and enhancing the omnichannel experience [10] Digital and Merchandising Challenges - Target's digital operations, while growing, are still seen as a weak link, necessitating improvements in same-day delivery and loyalty initiatives [11] - Rebuilding merchandising authority is essential, requiring a balance between appealing to cost-conscious shoppers and maintaining design-led offerings [12] - Fiddelke must also reassure investors who have seen a significant decline in stock value that he is the right leader to revitalize the company [13]

Market Overview - U.S. stocks showed mixed performance with the Nasdaq Composite gaining over 100 points, while the Dow decreased by 0.20% to 46,001.48 and the S&P 500 rose by 0.35% to 6,640.59 [1] - Communication services sector increased by 1.4%, while energy stocks fell by 1.6% [1] Company Performance - Target Corporation reported third-quarter adjusted earnings per share of $1.78, surpassing the analyst consensus estimate of $1.72, but quarterly sales of $25.27 billion fell short of expectations, down 1.5% year over year [2] - Target's merchandise sales decreased by 1.9%, leading to a revision of its 2025 adjusted EPS outlook to $7.00–$8.00 from $7.00–$9.00, below the consensus estimate of $7.36 [2] - The company also cut its 2025 GAAP EPS forecast to $7.70–$8.70 from $8.00–$10.00, compared to the $8.12 consensus estimate [2] Stock Movements - WeShop Holdings Limited shares surged 148% to $82.00 following its Nasdaq debut [7] - Freight Technologies, Inc. saw a 77% increase to $1.1712 after launching its AI-powered freight rate prediction platform [7] - Semrush Holdings, Inc. shares rose 74% to $11.79 after Adobe announced plans to acquire the company [7] - Inspire Veterinary Partners, Inc. shares dropped 53% to $0.1273, while Carver Bancorp, Inc. fell 48% to $1.5499 after announcing plans to deregister its common stock [7] - Tempest Therapeutics, Inc. shares decreased by 50% to $4.63 following the announcement of an acquisition [7] Commodity Market - Oil prices fell by 2.3% to $59.35, while gold increased by 0.6% to $4,091.20 [5] - Silver rose by 1.5% to $51.295, and copper increased by 0.5% to $4.9975 [5] European Market - European shares were mostly higher, with the eurozone's STOXX 600 rising by 0.2% and Spain's IBEX 35 Index increasing by 0.7% [6] - London's FTSE 100 fell by 0.3%, while Germany's DAX 40 gained 0.2% and France's CAC 40 rose by 0.1% [6] Asian Market - Asian markets closed mixed, with Japan's Nikkei 225 down 0.34% and Hong Kong's Hang Seng down 0.38%, while China's Shanghai Composite gained 0.18% and India's BSE Sensex rose by 0.61% [8]

Target hasn’t had much good news to work with lately — soft traffic, uneven sales, and a consumer who keeps drifting toward either bargains or impulse buys. So the company is trying something bigger than a merchandising refresh: It’s planting a Target storefront inside ChatGPT. The beta, which launches next week, turns OpenAI’s assistant into a personal shopper that can assemble multi-item carts, handle fresh groceries, and funnel orders to the nearest store. For a retailer searching for momentum, this is ...

VENICE, NEW YORK, UNITED STATES - 2025/10/21: Sign at the entrance to a Target store in Venice, Florida. (Photo by Erik McGregor/LightRocket via Getty Images)LightRocket via Getty ImagesTarget (NYSE: TGT) shares declined by approximately 3% in pre-market trading following its Q3 fiscal 2025 results, impacted by weaker revenue and falling comparable sales even though it surpassed EPS expectations. At first glance, the quarter appears weak: net sales decreased by 1.5% year-over-year, and comparable sales fell ...

Despite earnings season winding down, a few notable (non-semiconductor) names have entered the confessional this week. Fresh off off the docket but moving in contrasting directions are retail rivals Target Corp (NYSE:TGT) and TJX Companies Inc (NYSE:TJX).Struggling retail stock TGT is moving 1.2% lower to trade at $87.50 this morning. While adjusted third-quarter earnings of $1.78 per share topped estimates, a revenue miss and a lowered fiscal year profit outlook are weighing. TGT has been on a downward tra ...