Target's Q3 Earnings Report: What to Expect and What's Wrong

Target is set to report its fiscal third-quarter earnings, with investors eager to see signs of a turnaround in sales as the crucial holiday season approaches. The company has faced challenges including disappointing results, high-profile setbacks, and blowback for its Pride month merchandise. Target's stock has fallen by nearly 26% this year. CEO Brian Cornell acknowledged declining sales of discretionary goods but expressed optimism for the upcoming holiday season. Home Depot's recent report also provided some optimism, suggesting that the worst of inflation may be over.