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. Target Earnings Squeezed by Inflation and Fuel Costs

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