Profits rise despite sales decline at Target
Target Corporation (NYSE: TGT) reflected stronger-than-expected profit performance during its third quarter despite a sales decline of nearly 5 percent.
Stay updated with breaking news from Target Corp. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Target Corporation (NYSE: TGT) reflected stronger-than-expected profit performance during its third quarter despite a sales decline of nearly 5 percent.
The big-box retailer, which sells a heavier mix of clothing, home goods and impulse purchases, has been particularly squeezed by inflation.
Target's stock soared Wednesday, after the discount retailer reported a surprise increase in fiscal third-quarter profit that beat projections by a wide margin.
Target's third-quarter earnings barrelled past Wall Street's expectations but revenue fell for the second quarter in a row, thanks to lower demand for...
These are the stocks posting the largest moves in the premarket.