Back to today’s briefing

Story perspectives

Target's Earnings Plunge Amid DEI Backlash and Boycott

5/31/2025

26 4

Summary

Story summary

Target CEO Brian Cornell linked disappointing quarterly results to consumer backlash over DEI initiative rollbacks.
The company's earnings fell short of estimates, reporting a revenue decline to $23.8 billion.
Target has failed to meet earnings expectations in six of the last 13 quarters.
Analysts indicate that management issues also contribute to Target's performance decline.
Rev. Al Sharpton has voiced support for a boycott of Target stores.

1 of 1

Story summary

Target CEO Brian Cornell linked disappointing quarterly results to consumer backlash over DEI initiative rollbacks.
The company's earnings fell short of estimates, reporting a revenue decline to $23.8 billion.
Target has failed to meet earnings expectations in six of the last 13 quarters.
Analysts indicate that management issues also contribute to Target's performance decline.
Rev. Al Sharpton has voiced support for a boycott of Target stores.