Target (TGT) Sinks Nearly 9% as Holiday Comps Miss
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Target Reports Holiday Sales and Maintains EPS Guidance
January 15, 2020 6:30 AM ESTMINNEAPOLIS, Jan. 15, 2020 /PRNewswire/ --
Comparable sales grew 1.4 percent in the November/December period, on top of 5.7 percent comp growth last year. While sales were below expectations, the Company is maintaining its previous guidance for fourth quarter earnings per share. The fourth quarter is on track to be the Company's 11th straight quarter of comparable sales growth.Comparable digital sales grew 19 percent in the November/December period. Sales through Target's same-day fulfillment services (Order Pick Up, Drive Up and Shipt) grew more... More