Target warns of tepid holiday season as consumers battle through affordability crisis

Target (TGT) has consistently delivered on one thing in 2025: Serving up brutal warnings about its business on earnings days.
The discount retailer cut its full-year profit guidance on Wednesday and warned of a tepid holiday season as strapped consumers battle through an affordability crisis for food, healthcare, and housing.
"Many of the themes remain largely consistent with what we've shared in prior quarters. Guests are choiceful, stretching budgets and prioritizing value. They're spending where it ma