Target Q3 earnings below expectations, cautious consumer spending, lower sales forecast

From CNBC: 2024-11-20 00:01:01

Target is set to report fiscal third-quarter earnings, giving insight into holiday season trends. Analysts expect earnings per share of $2.30 and revenue of $25.90 billion. Despite price cuts on 10,000 items this year, Target has struggled to boost sales amid cautious consumer spending habits. The company forecasts comparable sales to be in the lower half of its previous range for the year.



Read more at CNBC:: Target (TGT) Q3 2024 earnings