HomeMarketsU.S. Economy & JobsTarget (TGT) & J.M. Smucker (SJM): The Strength Of The U.S. Consumer

Target (TGT) & J.M. Smucker (SJM): The Strength Of The U.S. Consumer

Target (TGT) beats earnings but reports weaker-than-expected guidance. Chris Recker discusses the strength of the U.S. consumer. He talks about how TGT's 4Q same-day services rose 4.3% and sees 1Q adjusted EPS between $1.50-$1.90. he then goes over J.M. Smucker (SJM) as it delivers mostly in-line earnings results. He talks about how SJM sees Jif Peanut Butter recall hurting FY23 results and narrows FY23 adjusted EPS guidance from $8.35-$8.75 to $8.55-$8.75. Tune in to find out more about the stock market today.

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