Target shares jump after retailer posts a big earnings beat, even as sales fall again
Publishing timestamp: 2023-11-15 11:35:30
Summary
Target reported better-than-expected earnings and revenue for the fiscal third quarter. However, the company is still facing challenges with weaker customer spending and a decline in comparable sales. Target's stock rose on the news, but the company expects the holiday quarter to have a similar performance. Despite the challenges, Target showed progress in building back its profits and improving inventory management. The company is focusing on boosting sales during the critical holiday season with new and exclusive merchandise.
Sentiment: MIXED
Keywords: retail industry, breaking news: earnings, business, breaking news: business, target corp, home depot inc, earnings, business news,
Source: https://www.cnbc.com/2023/11/15/target-tgt-earnings-q3-2023.html