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Discount chain Big Lots is conducting going-out-of-business sales at its remaining locations after a sale of the company didn’t materialize
Consumers stepped up their spending at retail stores last month, providing a boost to the economy in the early phases of the winter holiday shopping season
MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Target Corp. (TGT) on Wednesday reported fiscal third-quarter profit of $854 million. On a per-share basis, the Minneapolis-based company said it had net income of $1.85. The results missed Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $2.29 per share. The retailer posted revenue of $25.67 billion in the period, which also missed Street forecasts. Twelve analysts surveyed by Zacks expected $25.91 billion. For the current quarter ending in January, Target expects its per-share earnings to range from $1.85 to $2.45. The company expects full-year earnings in the range of $8.30 to $8.90 per share. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TGT at https://www.zacks.com/ap/TGTMINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Target Corp. (TGT) on Wednesday reported fiscal third-quarter profit of $854 million. On a per-share basis, the Minneapolis-based company said it had net income of $1.85. The results missed Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $2.29 per share. The retailer posted revenue of $25.67 billion in the period, which also missed Street forecasts. Twelve analysts surveyed by Zacks expected $25.91 billion. For the current quarter ending in January, Target expects its per-share earnings to range from $1.85 to $2.45. The company expects full-year earnings in the range of $8.30 to $8.90 per share. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TGT at https://www.zacks.com/ap/TGTMINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Target Corp. (TGT) on Wednesday reported fiscal third-quarter profit of $854 million.On a per-share basis, the Minneapolis-based company said it had net income of $1.85.The results missed Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $2.29 per share.The retailer posted revenue of $25.67 billion in the period, which also missed Street forecasts. Twelve analysts surveyed by Zacks expected $25.91 billion.For the current quarter ending in January, Target expects its per-share earnings to range from $1.85 to $2.45.The company expects full-year earnings in the range of $8.30 to $8.90 per share._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TGT at https://www.zacks.com/ap/TGTAutomated InsightsZacks stock report on TGT
The Federal Trade Commission is suing the largest U.S. distributor of wine and spirits for allegedly discriminating against small and independent businesses
Wall Street got back to climbing after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve
Kroger and Albertsons’ plan for the largest U.S. supermarket merger in history has crumbled
Macy’s is tightening financial accounting measures after completing a probe of a rogue employee who hid $151 million in delivery expenses over a span of nearly three years
NEW YORK (AP) — NEW YORK (AP) — Macy's Inc. (M) on Wednesday reported fiscal third-quarter net income of $28 million. The New York-based company said it had profit of 10 cents per share. Earnings, adjusted for one-time gains and costs, were 4 cents per share. The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share. The department store operator posted revenue of $4.9 billion in the period. Its adjusted revenue was $4.74 billion, which beat Street forecasts. Five analysts surveyed by Zacks expected $4.73 billion. Macy's expects full-year earnings in the range of $2.25 to $2.50 per share, with revenue in the range of $22.3 billion to $22.5 billion. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on M at https://www.zacks.com/ap/MNEW YORK (AP) — NEW YORK (AP) — Macy's Inc. (M) on Wednesday reported fiscal third-quarter net income of $28 million. The New York-based company said it had profit of 10 cents per share. Earnings, adjusted for one-time gains and costs, were 4 cents per share. The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share. The department store operator posted revenue of $4.9 billion in the period. Its adjusted revenue was $4.74 billion, which beat Street forecasts. Five analysts surveyed by Zacks expected $4.73 billion. Macy's expects full-year earnings in the range of $2.25 to $2.50 per share, with revenue in the range of $22.3 billion to $22.5 billion. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on M at https://www.zacks.com/ap/MNEW YORK (AP) — NEW YORK (AP) — Macy's Inc. (M) on Wednesday reported fiscal third-quarter net income of $28 million.The New York-based company said it had profit of 10 cents per share. Earnings, adjusted for one-time gains and costs, were 4 cents per share.The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.The department store operator posted revenue of $4.9 billion in the period. Its adjusted revenue was $4.74 billion, which beat Street forecasts. Five analysts surveyed by Zacks expected $4.73 billion.Macy's expects full-year earnings in the range of $2.25 to $2.50 per share, with revenue in the range of $22.3 billion to $22.5 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on M at https://www.zacks.com/ap/MAutomated InsightsZacks stock report on M
Macy's shares tumble after profits and sales drop in the third quarter
The proposed $24.6 billion merger between supermarket giants Kroger and Albertsons floundered on Tuesday after judges overseeing two separate cases both halted the deal