Target Earnings Squeezed by Inflation and Fuel Costs

Like many Americans dealing with higher gas prices, Target are being hit by larger-than-expected fuel and freight costs this year.

Sales at the Minneapolis-based retailer rose in the most recent quarter as shoppers spent more on food, groceries and even luggage as they prepared to travel again. , but supply chain costs and inflationary pressures have cut profits. As Walmart Inc., its bigger rival Target, reported quarterly earnings that missed Wall Street’s forecasts.

https://www.wsj.com/articles/target-earnings-squeezed-by-inflation-and-fuel-costs-11652869800?mod=pls_whats_news_us_business_f Target Earnings Squeezed by Inflation and Fuel Costs

Edmund DeMarche

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