Target’s (NYSE: TGT) fiscal first-quarter earnings miss not only pulled down the stock by 25% on a single day, but also triggered a sell-off for several other retail stocks. Waning of pandemic-led tailwinds coupled with macro woes, including inflation and supply chain troubles, took a toll on Target’s Q1’ FY22 (ended April 30, 2022) results. Target shares are down 35% year-to-date.    With macro pressures expected to persist, will Target stock recover from current levels? Dismal Q1 Profitability Target’s revenue grew 4% to $25.2 billion in Q1 FY22 with comparable sales rising 3.3% on top of the 22.9% growth seen in the prior-year quarter due to pandemic-induced demand.
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Target (NYSE:TGT)
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