---
title: "BREAKING: TANGIBLE SIGN OF US CONSUMER WEAKNESS?"
description: "Target stock, $TGT, falls 8% after reporting weaker than expected earnings with a 3% revenue decline due to consumer weakness.\nTarget's CEO said the decline reflects “continued soft trends in discretionary categories.”\nThe company's store traffic fell by 1.9% less quarter and the average amount spent by customer also fell 1.9%.\nConsumers bought fewer everyday items like groceries along with fewer discretionary goods.\nAnother sign that consumers are struggling.\nSource: The Kobeissi Letter"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [BREAKING: TANGIBLE SIGN OF US CONSUMER WEAKNESS?](https://blog.syzgroup.com/syz-the-moment/breaking-tangible-sign-of-us-consumer-weakness)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | May 23, 2024, 2:45:01 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/breaking-tangible-sign-of-us-consumer-weakness)

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