Target Shares Slide After Inflation Hurts Earnings

ToplineTarget 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.DALY CITY, CALIFORNIA - DECEMBER 14: Customers wait in line to make purchases at a Target store on ... [+] December 14, 2023 in Daly City, California. According to a report by the Commerce Department, consumer retial sales increased by 0.3% percent ...