Target Corporation (NYSE: TGT) reported third quarter 2023 earnings results today.
Total revenue was $25.4 billion, down 4.2% from the same period last year. Comparable sales declined 4.9%.
Net earnings increased 36.3% to $971 million, or $2.10 per share, compared to last year. Adjusted EPS was $2.10.
Both revenue and earnings beat expectations, sending the stock soaring over 9% in premarket hours on Wednesday.
For the fourth quarter of 2023, the company expects comparable sales in a wide range around a mid-single digit decline, and GAAP and adjusted EPS of $1.90-2.60.
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Discount store chain Dollar General Corporation (NYSE: DG) will be reporting third-quarter results next week. Operating nearly 20,000 stores across the US, it is one of the largest supermarket chains
Shares of Dollar Tree, Inc. (NASDAQ: DLTR) were up over 1% on Thursday. The stock has dropped 13% year-to-date. The discount retailer delivered third-quarter 2023 earnings results that did not
The Kroger Co. (NYSE: KR) reported its third quarter 2023 earnings results today. Total company sales were $34 billion compared to $34.2 billion for the same period last year. Identical sales