Target shares dropped sharply in premarket trade as third-quarter earnings missed Wall Street estimates. The retailer cut its full-year financial guidance and reported sales growth of just 0.3%.
Target (TGT) shares tumbled 20% in premarket trading Wednesday following the release of the retailer's third-quarter earnings report, as it missed estimates for sales and profit.
Target Corp (NYSE:TGT) shares dropped over 18% in pre-market trading on Wednesday after the retailer posted lower third-quarter profit and warned of a soft holiday period ahead. Pre-tax earnings fell
Target's stock set to suffer worst day in more than two years after profit, revenue, comparable sales and the outlook were all below expectations.

Target Shares Plunge on Earnings Miss

06:46am, Wednesday, 20'th Nov 2024
The retailer says spending remains sluggish for apparel, TVs and home goods.
Target forecast holiday-quarter comparable sales and profit below Wall Street expectations after missing third-quarter estimates on Wednesday as value-conscious consumers shopped for low-priced essent
The company's decision to pull forward holiday shipments in anticipation of the East Coast strikes came at a cost, management says.

Target Corporation Reports Third Quarter Earnings

06:30am, Wednesday, 20'th Nov 2024
MINNEAPOLIS , Nov. 20, 2024 /PRNewswire/ -- Third quarter comparable sales increased 0.3 percent, driven by strong traffic and digital performance. Guest traffic grew 2.4 percent over the prior year.
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Target Corporation TGT will release earnings results for the third quarter, before the opening bell on Wednesday, Nov. 20.
Target will report earnings before the bell on Wednesday. The big-box retailer has struggled to attract steadier foot traffic and higher sales as shoppers are selective about spending.
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Target's focus on digital growth, innovative merchandise and competitive pricing sets it up for strong Q3 earnings, driving growth amid evolving consumer trends.
Discretionary retail sales seem to be improving and the Target earnings report will shed more light. The post Target Earnings Due After Key Rival Brings Holiday Cheer appeared first on Investor's Busi
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