Target, Lowe’s, TJX and others

Shoppers walk past a Target store in Lycoming Crossing Mall in Muncy, Pennsylvania.

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See the companies that make headlines in the noon transactions.

Target – Shares fell 25.6% after the retailer reported disappointing quarterly results, citing high fuel costs and inventory problems. Target posted an adjusted quarterly earnings of $ 2.19 per share, below Refinitiv’s estimate of $ 3.07. The big retailer reported lower-than-expected discretion sales.

Walmart – Walmart fell 7% for the second session after suffering its worst daily loss since 1987 on Tuesday. Target’s quarterly report echoed the similar inflationary challenges Walmart reported in its disappointing first quarter report on Tuesday.

Lowe’s – Home improvement retailer shares fell 6.3% due to lower-than-expected first-quarter earnings. Lowe’s reported revenue was $ 23.66 billion, up from $ 23.76 expected, according to Refinitiv. Lowe said cooler spring weather is hitting demand for outdoor supplies.

Dollar Tree, Costco – Retail names fell on Wednesday by industry giants Target and Walmart, who said they were struggling with rising costs and inventory woes. Shares of Dollar Tree fell more than 16%, Dollar General lost more than 11% and Costco fell about 12%.

TJX Companies – Retailer shares jumped 6.3% after the company reported quarterly earnings that exceeded analysts’ estimates by about 8 cents per share, according to Refinitiv, as other retailers report seeing inflation fall in their earnings .

Shoe Carnival – Shares rose 15.5% after the shoe retailer exceeded Wall Street expectations in the last quarter. Shoe Carnival reported a quarterly gain of 95 cents a share, 9 cents above Refinitiv’s consensus estimate. The company also increased its full year prospects.

Container Store – Shares gained 8.7% after the storage and organization products retailer posted better-than-expected earnings and revenue for the last quarter. The Container Store also said it aims to reach $ 2 billion in annual sales by 2027.

Doximity – The cloud-based platform fell 11.3% after issuing revenue forecast for the current quarter below Wall Street estimates.

Warby Parker – The stock fell 9.3% after Goldman downgraded Warby Parker to market neutral. Goldman said it sees a longer path to growth for the eyewear retailer, which reported lower-than-expected quarterly earnings earlier this week.

– CNBC’s Tanaya Macheel contributed to the report

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