Target Plunges 21% While Williams-Sonoma Soars 27% On Same Day
Target Plunges 21% While Williams-Sonoma Soars 27% On Same Day
Investors were treated to quite the pair trade on Wednesday when shares of big box retailer Target Corp (NYSE:TGT) sunk while shares of home furnishing retailer Williams-Sonoma, Inc. (NYSE:WSM) rocketed off earnings. The two stocks were the biggest movers of the day, according to Benzinga Pro.
投資者們在週三體驗了一場特殊的配對交易，隨着大型零售商塔吉特公司（紐交所：TGT）的股票下跌，家居用品零售商williams-sonoma, Inc.（紐交所：WSM）的股票在業績發佈後暴漲。這兩隻股票是當天最大的波動者，依據Benzinga Pro的說法。
Price Action: Target's stock closed the day at $121.72, down 21.41%. According to market strategist Ryan Detrick, Wednesday was the Minneapolis, Minnesota-based company's third-worst day in history in the market.
價格走勢：塔吉特的股票當天收盤價爲121.72美元，下跌21.41%。根據市場策略師Ryan Detrick的說法，週三是這家總部位於明尼阿波利斯的公司的歷史上第三差的交易日。
Meanwhile, Williams-Sonoma's price action was certainly something to write home about. The San Fransisco, California-based company's shares closed the Wednesday trading session at $175.04, up 27.54%. This was the company's second-best day ever in the market.
與此同時，williams-sonoma的價格走勢無疑值得一提。這家位於加利福尼亞聖弗朗西斯科的公司的股票在週三交易時段以175.04美元的價格收盤，上漲27.54%。這是該公司歷史上第二好的交易日。
Target Earnings: Target reported earnings-per-share of $1.85 in 2024's third quarter, under Wall Street's projection of $2.30. Revenue numbers also fell under expectations. Net income fell 12.1% year-over-year while cost of sales and administrative expenses increases outpaced revenue growth.
塔吉特業績：塔吉特在2024年第三季度報告每股收益爲1.85美元，低於華爾街預期的2.30美元。營業收入數據也低於預期。淨利潤同比下降12.1%，而銷售成本和行政費用的增長速度超過了收入增長。
Management cited cost pressures and continued supply chain disruptions for its weak quarterly performance. The company has previously blamed store theft as a driver of financial underperformance.
管理層指出成本壓力和持續的供應鏈中斷是其季度業績不佳的原因。該公司之前曾將商店盜竊視爲財務表現不佳的一個推動因素。
Wells Fargo and Citigroup issued a downgrade for Target stock on Wednesday, according to Benzinga analyst ratings.
根據Benzinga分析師評級，富國銀行和花旗集團在週三對塔吉特的股票做出了降級。
Williams-Sonoma Earnings: Williams-Sonoma's report painted a rosier picture.
williams-sonoma業績：williams-sonoma的報告描繪了一幅更加美好的圖景。
The company reported earnings-per-share of $1.96, beating estimates of $1.78. The home furnishing and cooking retailer also gained market share and raised guidance.
該公司報告每股收益爲1.96美元，超出預期的1.78美元。這家家居用品和烹飪零售商還獲得了市場份額並提高了業績指引。
Laura Alber, president and CEO, highlighted the company's margins as a catalyst for its earnings beat.
勞拉·阿爾伯，公司的總裁兼首席執行官，強調了公司的利潤率是其盈利超預期的催化劑。
"Our operating results reflect the operational improvements that we have been focused on all year, and demonstrate the strength of our margin profile in a difficult environment," Alber said in a press release.
阿爾伯在新聞發佈會上表示：「我們的經營結果反映了我們全年專注於的運營改善，展示了在困難環境中我們利潤率的強勁實力。」
The Retail Industry: Target sells Williams-Sonoma cookbooks on its online e-commerce platform.
零售行業：塔吉特在其在線電子商務平台上銷售williams-sonoma的烹飪書。
The two earnings reports paint mixed signals for a retail industry at a crossroads. While some retailers have continued to struggle amid tough macroeconomic conditions and rapid change in the industry at large, others have flourished.
這兩份業績爲處於十字路口的零售行業發出了混合信號。雖然一些零售商在艱難的宏觀經濟環境和整個行業快速變化中繼續掙扎，但其他零售商則蓬勃發展。
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譯文內容由第三人軟體翻譯。
