Target CEO Brian Cornell apologized to customers for a disappointing weekend after the company experienced outages that shut down its cash registers and credit-card processors for several hours.
CEO Brian Cornell apologized to customers for a disappointing weekend after the company experienced outages that shut down its cash registers and credit-card processors for several hours.
For the second quarter, analysts surveyed by Refinitiv estimate that the company will earn $1.62 per share on $18 billion in revenue. Cornell said that the company continues to see a healthy consumer environment and strong GDP growth. "Wages are rising, interest rates have stayed in check, and overall, there's strong consumer confidence," he said. Cornell noted that he is starting to see a separation between the winners and losers in retail, and would place Target firmly "in the winner's camp."
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