Target boosts Q4 Outlook after strong holiday sales
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 boosts Q4 outlook after strong holiday sales; announces C-suite retirements
Target had previously lowered sales outlook to flat growth after a disappointing third quarter. The improvement followed total sales growth of 2.8% during November and December and record sales during Black Friday and Cyber Monday promotions.
Target on Thursday said its holiday sales were better than expected, though it kept its profit forecast the same – likely because cost-conscious shoppers stocked up on discounted items.
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. The big-box ...
Analyst Kate McShane of Goldman Sachs maintained a Buy rating on Target (TGT – Research Report), with a price target of $164.00.Stay Ahead of ...
Santa left Target (TGT) some presents last holiday season, but it may not be enough for investors. The big box retailer announced total sales increased 2.8% year over year in November and December ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback