MINNEAPOLIS, May 22, 2024 /PRNewswire/ -- First quarter operating income margin rate of 5.3 percent reflects a 140 basis point improvement in gross margin rate as compared to the prior year.First quarter comparable sales declined 3.7 percent, in line with expectations.Digital comparable sales grew 1.4 percent. Same-day services grew nearly 9 percent, led by more than 13 percent growth in Drive Up.Sales declines, primarily in discretionary categories, were partially offset by continued growth in Beauty.Discr ...

Target's new membership has a lot of potential if Target makes the changes necessary to make it a must-have for shoppers.Target (TGT -0.59%) is trying to move into the membership business by leveraging its large base of credit card users and digital products. However, the company has failed to make the system efficient and delightful for consumers, undermining the strategy. In this video, Travis Hoium covers the mistakes Target is making and how they could be fixed.*Stock prices used were end-of-day prices ...

Target will report its fiscal first-quarter earnings on Wednesday, just days after it said it would cut prices on thousands of groceries and everyday items.The Minneapolis-based retailer has set low expectations for the year ahead. It said in early March that it anticipated comparable sales would range from flat to up 2%, and adjusted earnings per share would range from $8.60 to $9.60 for the full year.Here is what Wall Street expects for the company, based on a survey of analysts by LSEG:Earnings per share ...

Target to Slash Prices on 5,000 Items as Stubborn Inflation Hangs On The retail giant's summer discounts could help you save a few bucks on essentials. ...

Analyst Estimates for Q1 2024Q4 2023Q1 2023Revenue$24.53 billion$31.92 billion$25.32 billionDiluted EPS$2$2.98$2.05Net Income$930.34 million$1.38 billion$950 million Key Metrics: Costs, Comparable Store Sales Target has said in recent quarters that improving its cost management has helped to offset decreases in comparable store sales as consumers have pulled back on discretionary spending to deal with persistently high inflation. Target isn't the only retailer that's said inflation is causing consumers t ...

Target Corporation (TGT) has announced that it will lower everyday regular prices on approximately 5,000 frequently shopped items across its assortment. The retailer has reduced prices on about 1,500 items, with thousands more price cuts planned to take effect over the course of the summer. Consumers will enjoy savings on everyday items such as milk, meat, bread, soda, fresh fruit and vegetables, snacks, yogurt, peanut butter, coffee, diapers, paper towels, and pet food.These price reductions will collectiv ...

The first-quarter earnings season is winding down. We’ve received results from more than 90% of S&P 500 companies, with year-over-year earnings growth representing the best pace we’ve seen in nearly two years. This week, we still have hundreds of companies reporting results including 15 S&P 500 members.A host of retailers are set to report in the coming days. Last week’s beat-and-raise report from Walmart (which saw earnings and revenues climb 22% and 6% from the year-ago period, respectively) represented t ...

Flow Metals Announces Induced Polarization Survey at New Brenda Porphyry Copper TargetMay 21, 2024 8:59 AM EDT | Source: Flow Metals Corp.Vancouver, British Columbia--(Newsfile Corp. - May 21, 2024) - Flow Metals Corp. (CSE: FWM) ("Flow Metals" or the "Company") announces the initiation of a minimum 8km induced polarization ("IP") survey at its 100% owned New Brenda copper- silver - molybdenum project located in south-central British Columbia within the Quesnel Terrane.Highlights include:Plann ...

MIAMI, FLORIDA - MAY 20: A Target store cart in a parking lot on May 20, 2024 in Miami, Florida. ... [+] Target announced plans to cut prices on thousands of consumer basics as inflation cuts into household budgets. (Photo by Joe Raedle/Getty Images)Getty ImagesTarget (NYSE: TGT), the second-largest discount chain in the U.S., is scheduled to report its fiscal first-quarter results on Wednesday, May 22. We expect Target’s Target stock to likely trade higher past Q1 results due to revenues and earnings beati ...

Investors and the media are invited to listen to the call through the company's website at Corporate.Target.com/Investors (click on the link under "Events & Presentations")WHO: Minneapolis-based Target Corporation (NYSE: TGT) serves guests at nearly 2,000 stores and at Target.com, with the purpose of helping all families discover the joy of everyday life. Since 1946, Target has given 5% of its profit to communities, which today equals millions of dollars a week. Additional company information can be found b ...