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Target Q4 earnings: retailer warns of another year of weak sales
TargetTarget(US:TGT) Invezz·2024-03-05 20:07

Target Corp (NYSE: TGT) is trading up in premarket on Tuesday after reporting upbeat results for its fiscal fourth quarter as the team “maintained appropriate inventory levels”. Target stock up despite muted guidanceCopy link to sectionInvestors are content even though the retail behemoth warned of another year of weak sales. TGTexpectscomparablesalestobedown3.0TGT expects comparable sales to be down 3.0% to 5.0% in Q1 on 1.70 to 2.10ofpershareearnings.Analysts,incomparison,wereata3.62.10 of per-share earnings. Analysts, in comparison, were at a 3.6% decline and 2.08 per share, respectively. ...