Target bumps up holiday sales forecast but margin worries rub off …

Jan 16, 2025 · Target raised its holiday-quarter comparable sales forecast on Thursday, buoyed by robust shopper demand for clothing, toys and beauty products during November and …

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Target Announces Better-than-expected Holiday Sales, But …

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Jan 16, 2025 · Investors haven’t warmed up to Target's (TGT) solid holiday sales in 2025. The big box retailer announced total sales increased 2.8% year over year in November and December, …

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Target Revises Holiday Sales Outlook On Strong Apparel, Toy …

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Jan 16, 2025 · Analysts surveyed by LSEG had expected fourth-quarter comparable sales to rise 0.2%. However, the retailer maintained its forecast for fourth-quarter and full-year adjusted …

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Target Lifts Comp Sales Outlook After Strong Holiday Shopping …

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Jan 16, 2025 · The retailer expects comparable sales to be up 1.5% in the fourth quarter compared to the same time a year ago, up from the previous projection of flat comparable …

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FAQs about Target bumps up holiday sales forecast but margin worries rub off … Coupon?

Why did target raise its holiday-quarter sales forecast?

Target raised its holiday-quarter comparable sales forecast on Thursday, buoyed by robust shopper demand for clothing, toys and beauty products during November and December, but profit margin concerns sent its shares down nearly 3%. ...

Was target's holiday sales better than expected?

Target said products like clothing and toys "saw a meaningful sales acceleration" compared to the quarter before. Target on Thursday said its holiday sales were better than expected, though it kept its profit forecast the same – meaning the boost likely came from inflation-battered shoppers stocking up on deals and discounts. ...

Is target dwindling its profits?

Target said products like clothing and toys – which are usually marked up higher than necessities like medicine and food – “saw a meaningful sales acceleration” compared to the quarter before. But, while Target and other retailers have been reporting robust sales, heavy discounting could be dwindling their profits. ...

How did target perform in November & December?

Target saw comparable sales rise 2% in November and December, with a 3% bump in traffic across its stores and website, and record sales numbers during the Black Friday and Cyber Monday sales events. Despite the lifted comp sales projection, Target kept its previous projected earnings per share (EPS) ranges at the same level. ...

What happened to target's holiday sales in November?

Scott Olson/Getty Images Target Corporation revealed holiday sales jumped 2.8% in November and December and announced leadership changes. ...

Why did target cut its profit guidance in November?

Target cut its profit guidance in early November after it posted its biggest earnings miss in two years and blamed some of its troubles on softer sales of discretionary merchandise and the costs of preparing for a short-lived port strike in October. Target’s report is the latest glimpse into a crucial season for the industry. ...