Target Misses Estimates, Shares Tank

Phil Zou
By Phil Zou
May 18, 2022NTD Business

Supply problems are continuing to hurt major retailers. Target’s stock plunged Wednesday, after reporting its first quarter earnings; it had its worst day since Black Monday in 1987. Target’s CEO says high costs are affecting its bottom line.

ntd newsletter icon
Sign up for NTD Daily
What you need to know, summarized in one email.
Stay informed with accurate news you can trust.
By registering for the newsletter, you agree to the Privacy Policy.