Walmart Raises Guidance, Target Slashes It – What Retail Stocks Are Signaling

Target slashed its full-year adjusted EPS forecast to $8.30–$8.90, down from $9.00–$9.70, citing weak sales growth and higher-than-expected inventory costs. The stock plunged 21%.

Analysts highlighted Walmart’s scale advantage, which allowed it to outperform. Other U.S. retailers have reported better-than-expected earnings but noted cautious consumer sentiment.