Target (TGT) Stock Collapses 24% on Disappointing Results, Analyst Downgrades to Hold
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Target Corporation Reports First Quarter Earnings
May 18, 2022 6:30 AM EDTMINNEAPOLIS, May 18, 2022 Â /PRNewswire/ --
Comparable sales grew 3.3 percent, on top of 22.9 percent growth last year.Comparable sales growth reflected traffic growth of 3.9 percent.Store comparable sales increased 3.4 percent, on top of 18.0 percent growth last year. Digital comparable sales grew 3.2 percent, following growth of 50.2 percent last year. Same-day services (Order Pickup, Drive Up and Shipt) grew 8 percent this year, led by Drive Up, which grew in the mid-teens on top of... More
