Business

Target profits plummet in second quarter despite increased sales

By Julia Johnson
Published August 17, 2022 8:11pm ET
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Target profits plummet in second quarter despite increased sales
FILE - In this June 3, 2019, file photo a shopping cart sits in the parking lot of a Target store in Marlborough, Mass. On Friday, June 14, the Commerce Department releases U.S. retail sales data for May. | (AP Photo/Bill Sikes, File)


On Wednesday, Target reported plummeting profits, with shares in the corporation taking a hit in pre-market trading following the news.

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