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0 -0.00288638152715825 -0.00288638152715825 -0.00288638152715825 2.91553689611677E-05 0.00294469226508059 -0.00319251290125085 -0.00387766407183878
Stock impact report

Target shares plunge 15% after discounter cuts forecast, posts biggest earnings miss in two years [MSNBC.com]

Ulta Beauty, Inc. (ULTA) 
Last ulta beauty, inc. earnings: 3/12 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.ultabeauty.com/overview/default.aspx
Company Research Source: MSNBC.com
In this articlePeople are seen at the parking lot of a Target store in Selinsgrove.Paul Weaver | Lightrocket | Getty ImagesThe big-box retailer reversed course and cut its full-year profit guidance, just three months afterhiking that forecastlower than the $9 to $9.70 per share rangeTarget now expects fourth quarter comparable sales to be approximately flat. That metric, which is also known as same-store sales, includes sales on its website and stores open at least 13 months.Target missed Wall Street's earnings per share estimate by 20%, its biggest miss in two years. It also marked its first revenue miss since Aug. 2023.The company's shares plunged more than 15% in premarket trading.On a call with reporters, CEO Brian Cornell said "lingering softness in discretionary categories" and costs associated with rushing shipments and preparing for the short-livedport strike in OctoberChief Operating Officer Michael Fiddelke said "it's disappointing that a deceleration in discretionary demand Show less Read more
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