Your email has been successfully added to our mailing list.

×
0 0 -0.0101970781449162 -0.0101970781449162 -0.0293165996666341 -0.0195117168349839 -0.0196097656633003 -0.0239239141092265
Stock impact report

Target withdraws forecasts, curbs spending to meet virus-related demand [Reuters]

Target Corporation (TGT) 
Last target corporation earnings: 3/3 06:30 am Check Earnings Report
US:NYSE Investor Relations: investors.target.com
Company Research Source: Reuters
Target withdraws forecasts, curbs spending to meet virus-related demand March 25 (Reuters) - Target Corp on Wednesday withdrew its financial outlook and said it would scale back on planned investments to focus on meeting surging demand as Americans stock up on essentials and stay home to slow the spread of the coronavirus outbreak. The big-box retailer said it now plans to remodel only about 130 stores in 2020, down from 300, moving the rest of the projects to 2021. Target added it would open fewer small format stores than it had previously planned. “It’s become very clear that we need to be disciplined about making sure our stores and supply chain is focused on serving our guests without any unnecessary distractions,” Chief Executive Officer Brian Cornell said. “We’ll need to prioritize the flow of food, medicine and other essentials for the foreseeable future.” In the past few weeks, consumers have been flocking to stores to load up on canned food, disinfectants, toilet paper and ot Show less Read more
Impact Snapshot
Event Time:
TGT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for TGT alerts
Opt-in for
TGT alerts

from News Quantified
Opt-in for
TGT alerts

from News Quantified