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Target Q4 Earnings Analysis

Target Q4 Earnings Analysis  Target shares are trading higher this morning after the company’s fourth quarter earnings report release. The big box retailer reported a revenue decline for the third quarter in a row, forcing them to miss revenue YoY revenue growth for the first time in seven years. Target’s troubled started with some circumstances with the LGBTQ community, but their sales didn’t fall back as much as anticipated. They maintained a strong position in the market for a time, however now the inflation burn is starting to take hold. The theme of weak sales in discretionary items remained the same, which account for 50% of the company’s annual revenue. Pressure from competitors like Walmart, Costco, and Amazon is also...

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