{"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":"
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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

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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

Target, Kohl’s, Peloton and more<\/span> Read More »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[8],"tags":[133,3330,230,229,116,118,2848,114,12520,16424,7008,239,112,2737,17113,231,9012,18339],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"fifu_image_url":"https:\/\/image.cnbcfm.com\/api\/v1\/image\/107064087-16529867332022-05-19t184526z_1538925324_rc2e2r9bdxwo_rtrmadp_0_usa-retail-results.jpeg?v=1652986774&w=1920&h=1080","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/40715"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=40715"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/40715\/revisions"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=40715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=40715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=40715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}