Target badly misses on earnings, slashes guidance as it battles DEI backlash and reinvigorated Walmart [View all]
Source: Yahoo! Finance
Target badly misses on earnings, slashes guidance as it battles DEI backlash and reinvigorated Walmart
Brian Sozzi · Executive Editor
Updated Wed, May 21, 2025 at 7:34 AM EDT 3 min read
Target (TGT) is giving itself black eyes on its earnings day.
The discount retailer badly missed Wall Street estimates for first quarter earnings on Tuesday morning and slashed its full-year outlook. Its results are likely to spark worry that consumer protests of its January retreat on diversity, equity, and inclusion (DEI) policies, combined with Trump tariffs, have created a financial tornado destined to wallop the company.
Target CEO Brian Cornell and other top execs on a media call declined numerous times to specifically say if they are raising prices because of tariffs. They also declined to quantify the sales impact of DEI-related consumer boycotts.
"Pricing is a very dynamic part of our business," Cornell said, noting price changes are an ongoing effort. "We make adjustments literally each and every week."
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Read more: https://finance.yahoo.com/news/target-badly-misses-on-earnings-slashes-guidance-as-it-battles-dei-backlash-and-reinvigorated-walmart-103038522.html
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