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DeepNewz, mobile.
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Target's stock price fell by 10% due to a decline in consumer spending, leading to price cuts on thousands of items through summer. The company reported a 1Q EPS of $2.03 compared to an estimated $2.05, with a 1Q comp sales decrease of -3.7%. Target expects consumer caution to persist as it foresees minimal growth in 2Q comp sales.
Value wars: Burger King to reportedly join rivals McDonald's, Wendy's in adding value deal https://t.co/DDotRAKFYU
From McDonald’s to Wendy’s and more, chains rush to add value meals to their menus, quelling frustrated customers https://t.co/plpRjfeX4g
🇺🇸 Grocers are finally lowering prices as consumers pull back https://t.co/zGngzwtDZ6
