{"id":40715,"date":"2022-06-07T18:16:30","date_gmt":"2022-06-07T18:16:30","guid":{"rendered":"https:\/\/harchi90.com\/target-kohls-peloton-and-more\/"},"modified":"2022-06-07T18:16:30","modified_gmt":"2022-06-07T18:16:30","slug":"target-kohls-peloton-and-more","status":"publish","type":"post","link":"https:\/\/harchi90.com\/target-kohls-peloton-and-more\/","title":{"rendered":"Target, Kohl’s, Peloton and more"},"content":{"rendered":"
FILE PHOTO: Shoppers exit a Target store during Black Friday sales in Brooklyn, New York, US, November 26, 2021. <\/p>\n
Brendan Mcdermid | Reuters<\/p>\n<\/div>\n<\/div>\n<\/div>\n
Check out the companies making headlines in midday trading.<\/em><\/p>\n Target – Shares of the retailer fell more than 4% after the company said it will take a short-term hit to profits as it cancels orders and marks down unwanted merchandise. CEO Brian Cornell said the big-box retailer wants to clear room for merchandise including groceries and back-to-school supplies.<\/p>\n Kohl’s – The department store’s stock jumped 8.1% on news that it’s in negotiations with the parent company of The Vitamin Shoppe to purchase Kohl’s for $ 60 a share, which values \u200b\u200bKohl’s at roughly $ 8 billion. Franchise Group’s stock gained 7.5%.<\/p>\n Peloton – The at-home fitness company’s shares dipped more than 1% after it announced Jill Woodworth, its chief financial officer, will leave the company after four years. Liz Coddington, a former executive at Amazon and Netflix, will take her place starting June 13.<\/p>\n Apple – Apple shares rose about 1% following the iPhone maker’s WWDC event on Monday, where it announced its M2 chip, a buy now \/ pay later offering and updates to CarPlay.<\/p>\n BuzzFeed – Shares of the media company bounced 10.7% after plummeting about 41% Monday following the expiration of its IPO lockup period.<\/p>\n GitLab – The cloud-based software provider’s stock surged 23.1% on a smaller-than-expected loss in the latest quarter. GitLab also beat revenue estimates and shared strong revenue guidance for the current quarter.<\/p>\n JM Smucker – Shares of the food company rose 4.9% after earnings and revenue in the latest quarter beat analysts’ estimates. Adjusted earnings per share came in 35 cents above analysts’ forecasts.<\/p>\n United Natural Foods – Shares of the food wholesaler dropped 8% despite United Natural’s fiscal third-quarter results beating expectations. The company reported $ 1.10 in adjusted earnings per share on $ 7.24 billion in revenue. Analysts surveyed by Refinitiv were expecting 97 cents in earnings per share on $ 7.1 billion of revenue. Company executives said on an investor call that inflation remains elevated.<\/p>\n – CNBC’s Tanaya Macheel, Jesse Pound and Yun Li contributed reporting.<\/em><\/p>\n<\/div>\n<\/div>\n .<\/p>\n","protected":false},"excerpt":{"rendered":" FILE PHOTO: Shoppers exit a Target store during Black Friday sales in Brooklyn, New York, US, November 26, 2021. Brendan Mcdermid | Reuters Check out the companies making headlines in midday trading. Target – Shares of the retailer fell more than 4% after the company said it will take a short-term hit to profits as …<\/p>\n