Target announces better-than-expected holiday sales

Target announces holiday sales exceeded expectations — but not profit as discounts reign king
The retailer now expects same-store sales growth of 1.5% for stores open at least 13 months in the fourth quarter – above previous expectations that it would stay flat.
Target boosts Q4 outlook after strong holiday sales; announces C-suite retirements
Target Corp. (NYSE TGT) on Thursday boosted its fourth-quarter sales outlook, following a holiday shopping season that went better than expected for the Minneapolis-based retailer. The company also noted several retirements from its executive suite.
Target Total Holiday Sales Rise, Expects Growth In Q4 Comparable Sales
Thursday reported sales update for November and December, revealing an increase of 2.8 percent and 2 percent in
Target says its holiday sales were better than expected — but its profits weren't
Discounts and sales events have remained a significant sales driver, as consumers emerge from a more than two-year stretch of high inflation. It’s unclear how much those deals will cut into Target’s and other retailers’ profit margins, and whether sales will keep improving if promotions fade away.
Target bumps up holiday sales forecast but margin worries rub off shine
Target raised its holiday-quarter comparable sales forecast on Thursday, buoyed by robust shopper demand for clothing, toys and beauty products during November and December, but profit margin concerns sent its shares down nearly 3%.
Target announces better-than-expected holiday sales, but investors wary of no profit update
Santa left Target some presents last holiday season, but it may not be enough for. The big box retailer announced total sales increased 2.8% year over year in November a
Target earnings up after holidays usher in more sales
Minneapolis-based Target Corporation reported its quarterly earnings Thursday, showing a slight increase in sales following a holiday boost. Total sales in November and December grew 2.8% — more than in 2023 — according to a Target press release.
Truist raises Target stock price target to $134 from $129
Truist Securities adjusted its price target on Target Corporation (NYSE:TGT) shares, increasing it to $134.00 from the previous $129.00, while maintaining a Hold rating on the stock. According to ...
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10 Years Since Target’s Exit from Canada: Lessons Learned
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Target’s Promising Growth: Buy Rating Affirmed on Strong Sales and Strategic Initiatives
In a report released yesterday, Robert Ohmes from Bank of America Securities reiterated a Buy rating on Target (TGT – Research Report), with a ...
Jim Cramer on Target (TGT): Here’s Why It’s Struggling
We recently published a list of 7 Consumer Goods and Retail Stocks on Jim Cramer’s Radar. In this article, we are going to ...
Target stock price forms bullish pattern, pointing to a rebound
Target stock price continued to underperform the retail sector in the past few years as its growth trajectory waned and ...
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Target Maintains 2024 EPS Guide, Posts 2 Percent Holiday Comp, Shifts Leadership Team
The news comes as Target reported that total sales during the two-month holiday period grew 2.8 percent versus the prior-year ...
Target Corp. stock outperforms competitors despite losses on the day
Shares of Target Corp. TGT shed 0.03% to $139.25 Tuesday, on what proved to be an all-around dismal trading session for the ...
Target hopes momentum from holiday season jump-starts sales this year
Target leaned in heavily toward promotions and sales during the holidays, a strategy that seems to have left it in the middle ...