Retailers Target Corp. (TGT) and TJX Cos. Inc. (TJX) reported Wednesday profits for the second quarter that topped analysts' estimates. Profit soared more than four-fold at Target, reflecting improved gross margins, despite a 4.9 percent drop in revenues. Profit at TJX grew from last year, driven by improved gross margins and revenue growth.
Target slashed its guidance for the full-year 2023, while TJX raised its outlook for the full-year 2024.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.