Target is reporting strong fourth-quarter revenue, though its sales were a short of expectations during the crucial holiday shopping season. It joins a string of other retailers, including Walmart, with disappointing sales during and shortened holiday season. Target did deliver its 11th consecutive quarter of comparable-store sales growth. Target on Tuesday also put out annual profit projections. The bottom of the range is a little lower than investors were anticipating and shares headed lower before the opening bell.
Target’s 4Q results beats estimates, but revenue falls short
By Associated Press|2020-03-03T06:18:57-06:00March 3rd, 2020|