23/05/2024 02:50 (UTC)

Target shares slide as consumers buy fewer goods

Los Angeles, May 22 (EFE).- Target posted a year-over-year sales decline and missed Wall Street's earnings estimates as consumers faced with inflation are buying both fewer discretionary items and groceries.

This marks the first time since November 2022 that Target missed earnings expectations. (Camera: ALLISON DINNER).

SHOT LIST: PEOPLE SHOP AT A TARGET STORE IN LOS ANGELES, CALIFORNIA, US.

Metadata

Date: 23/05/2024 02:34 (UTC)
Credit: EFE
Source: EPA
Topic: Economy, business and finance » Consumer goods
Economy, business and finance
Type: Rough cut
Duration: 129 seconds
Reference: 55013654921
Relevance: Normal