Target Corp.’s third-quarter profit took a big hit as it worked to clear excess inventory and sales softened ahead of the holiday season, causing the retailer to cut its fourth-quarter outlook.
Lowe's Companies reported better-than-expected earnings and sales and raised its full-year profit forecast as home improvement demand remains strong even in the face of inflation.
The Home Depot extended its winning streak in the third quarter, beating analysts estimates for top- and bottom-line growth and comparable sales amid rising costs.
