Target, a big store, had some bad news! They think sales won't go up as much as everyone hoped. This is because people are worried about prices going up and some things costing more to bring into the country. It's like when your allowance is smaller and you can't buy as many toys.
- Target thinks their sales will stay about the same this year.
- People are spending less money because things are more expensive.
- Target's profits might be lower than expected.
| Thing | Number |
|---|---|
| Expected sales growth | About 0% (analysts thought it would be 1.86%) |
| Expected earnings per share | $8.80 to $9.80 (close to what people thought) |
| Foot traffic drop (Jan 27 - Feb 23) | 6.1% |
