Target earnings up after holidays usher in more sales
MINNEAPOLIS — 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. During Black Friday and Cyber Monday promotions, sales reached record highs.
Target Announces Holiday Sale Numbers And Leadership Changes
Minnesota-based Target Corporation has announced its holiday sales numbers and a number of leadership changes.
Target gains after topping holiday sales expectations, backing profit guidance
On the guidance front, Target (NYSE: TGT) now expects growth of approximately 1.5% in Q4 comparable sales and continues to expect Q4 adjusted $1.85 to $2.45 (midpoint $2.05) vs. $2.19 consensus, and full-year adjusted EPS of $8.30 to $8.90.
Target says its holiday sales were better than expected — but its profits weren't
Target raised its fourth-quarter sales forecast Thursday after more consumers turned to its stores and website for holiday shopping — particularly on days known for deep discounts.
Target’s holiday sales show a rebound from third-quarter doldrums
Target raised guidance for a key metric in an update on its holiday sales after achieving records for both Black Friday and Cyber Monday promotional events.
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 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’s Holiday Sales Show Signs of Life
The holidays brought more cheer than Target expected. Target said Thursday that same-store and digital sales in November and December rose 2% compared with the same period last year. Visits to stores rose 3% from last year and online sales increased by nearly 9%.
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 of the pack of retailers for the season. The Minneapolis-based retailer said Thursday its comparable sales rose about 2%,
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