TargetThe earnings report will come out before Wednesday’s bell, providing insight into consumer spending and how inflation affects prices.

According to Refinitiv consensus estimates, here’s what Wall Street expects for the fiscal second quarter.

• Earnings per share: $3.07 expected
• Estimated revenue: $24.49 trillion

This week, the retailers sent mixed signals about consumer sentiment. Home Depot raised its full-year outlook and put up a strong first quarterThis was because homeowners were able to trade up for premium products, and they also hired experts to help with their projects. WalmartEarnings missed shoppers spent more on food and less on higher-margin discretionary purchases — with some opting for cheaper brands or smaller sizes, such as half-gallons of milk.

Target has claimed it can maintain demand even with inflation and uncertainty in Ukraine. Target held an investor conference in March. shared its full-year outlook. According to the company, revenue growth is expected to be in the low- to mid-single digits. Adjusted earnings per share will rise to high single figures.

Target has a wider range of merchandise than Walmart. This makes Target more profitable. According to Target’s annual report, 20% of Target’s fiscal 2021 sales were made from food and beverages. The largest categories, such as beauty and household items, accounted for 26% of Target’s annual revenues. Accessories and apparel accounted for 20%. Walmart U.S. however, receives a little over half its annual revenues from grocery sales.

Target has opened mini-shops in partnership with well-known brands. Apple, DisneyAnd Ulta BeautyIn its shops. The retailer also has its own brand, which is budget-friendly and trend-forward. This has allowed the retailer to win new customers in the wake of the pandemic.

Target stock has fallen about 7 percent so far in 2015, as of Tuesday’s closing. On Tuesday, shares closed at $215.28. This is a decrease of 1.41%. Target is valued at $99.82 trillion.