Categories AlphaGraphs, Earnings, Retail
TGT Earnings: All you need to know about Target’s Q3 2024 earnings results
Target Corporation (NYSE: TGT) reported its third quarter 2024 earnings results today.
Total revenue was $25.7 billion, up 1.1% from the year-ago quarter. Comparable sales increased 0.3%.
Net earnings decreased 12% to $854 million, or $1.85 per share, compared to last year. Adjusted EPS was $1.85.
Revenue and earnings missed expectations.
For the fourth quarter of 2024, the company expects approx. flat comparable sales and GAAP and adjusted EPS of $1.85-2.45. Target now expects GAAP and adjusted EPS of $8.30-8.90 for the full year of 2024.
The earnings miss and guidance cut caused the stock to plunge over 18% in premarket hours on Wednesday.
Prior performance
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.
Most Popular
Earnings Preview: Can Lennar Corporation (LEN) sustain its uptrend in Q4?
Homebuilder Lennar Corporation (NYSE: LEN) is set to report fourth-quarter results next week, after delivering strong quarterly sales and earnings performance this year. The resilient housing market and interest rate
What to look for when Conagra Brands (CAG) reports Q2 2025 earnings
Shares of Conagra Brands, Inc. (NYSE: CAG) stayed green on Wednesday. The stock has dropped 11% over the past three months. The branded food company is scheduled to report its
Key highlights from Macy’s (M) Q3 2024 earnings results
Macy’s, Inc. (NYSE: M) reported its third quarter 2024 earnings results today. Net sales decreased 2.4% year-over-year to $4.7 billion. Comparable sales were down 2.4% on an owned basis and
