Target Misses Q3 Earnings & Sales Estimates, Issues Cautious Q4 View
Target(TGT) ZACKS·2024-11-21 00:30
Target Corporation (TGT) reported third-quarter fiscal 2024 results, with the top and bottom lines falling short of the Zacks Consensus Estimate. While revenues saw a slight increase, earnings took a significant hit compared to the prior year due to cost pressures.This Minneapolis, MN-based company posted comparable sales growth, but the pace slowed considerably from the preceding quarter. While comparable store sales declined, the drop was more than offset by an increase in comparable digital sales.In resp ...