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Target Plans to Lower Prices After Receiving Almost $1 Billion in Tariff Refunds
Wall Street expects $26.14 billion in revenue as Target seeks to show its sales gains can last after several sluggish quarters.
Summary by Digiday
5 Articles
5 Articles
Target received a $994 million refund related to U.S. President Donald Trump's illegal tariffs, which helped the company's quarterly operating profit double.
·Warsaw, Poland
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Target plans to lower prices after receiving almost $1 billion in tariff refunds
This story was originally published on sister site, Modern Retail. Tariff refunds were a massive tailwind for Target last quarter that could help it continue to lower prices. Target received $994 million in pre-tax tariff refunds during the second quarter, the company reported in its earnings release Wednesday morning. The tariff refunds boosted Target’s second-quarter operating income 94% year over year to about $2.6 billion, or 9.6% of sales. …
·New York, United States
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Coverage Details
Total News Sources5
Leaning Left3Leaning Right0Center2Last UpdatedBias Distribution60% Left
Bias Distribution
- 60% of the sources lean Left
60% Left
L 60%
C 40%
Factuality
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