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Target announces holiday sales exceeded expectations — but not profit as discounts reign king
TGTTarget(TGT) New York Post·2025-01-17 04:26

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.The Minneapolis-based chain said sales on Black Friday and Cyber Monday hit records, prompting it to raise its comparable sales growth forecast for the three months through January to 1.5% from prior expectations of flat growth.But the retailer maintained its fourth quarter and full-year adjusted earnings per share (EPS) fore ...