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Target Announces Plans to Deliver Enhanced Shopping Experience in 2024 and Beyond
Prnewswire· 2024-03-05 18:00
The Target Circle loyalty program will evolve to offer three new membership options, including a free-to-join option, that let guests choose how they want to shop and save Target owned brand launches and expansions planned in 2024 will offer newness, innovation and value Plans for hundreds of new stores and investments in most of Target's nearly 2,000 stores over the next decade will bring millions of consumers an enhanced guest experience MINNEAPOLIS, March 5, 2024 /PRNewswire/ -- Target Corporation (NYS ...
Target shares jump as retailer unveils paid membership program to rival Walmart, Amazon
New York Post· 2024-03-05 16:35
Target on Tuesday reported higher holiday-quarter earnings on a smaller-than-expected sales decline and predicted that annual comparable sales would come in largely above Wall Street expectations, sending its shares up 12% in early trade.The mass merchandiser is banking on same-day services, product launches and a new membership program to boost spending at its stores.Target plans to launch a membership feature called Target Circle 360 next month, which would offer shoppers unlimited same-day delivery, CEO ...
Why Target Stock Popped Today
The Motley Fool· 2024-03-05 16:35
Shares of Target (TGT 11.67%) were moving higher Tuesday morning after the big-box chain reported sluggish fiscal fourth-quarter results, but still topped Wall Street expectations as its margins improved significantly.Overall, the results seemed to show that Target's profitability is stabilizing after several weak quarters, and that was enough to spark a rebound in the stock, which is still down significantly from the all-time high it touched in late 2021.As of 11:26 a.m. ET, the stock was up 11.6% on the n ...
Target shares at 11-month high on earnings beat
Proactive Investors· 2024-03-05 16:10
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Emmerson target raised by 50% after KMP update
Proactive Investors· 2024-03-05 16:02
Liberum has raised its target price for Emmerson by more than 50% following its latest update from the Khemisset potash project in Morocco. Emmerson is developing the 100%-owned Khemisset, on which broker Liberum expects an updated feasibility study (FS) to be completed in late 2024 or early 2025. Most recently, it published a scoping study on KMP (Khemisset Multi-mineral Process), a transformational new processing route that significantly reduces environmental impact while enhancing project economics. Acco ...
Target (TGT) Q4 Earnings Top Estimates, Comps Decline 4.4% Y/Y
Zacks Investment Research· 2024-03-05 16:01
Target Corporation (TGT) came up with fourth-quarter fiscal 2023 results, wherein the top and bottom lines not only beat the respective Zacks Consensus Estimate but also improved year over year. Comparable sales and traffic trends have shown a sequential improvement for the second straight quarter.Despite challenges, Target is poised to capture market share over time, driven by its compelling value proposition and a spectrum of initiatives. These encompass the expansion of new stores, innovations in brands, ...
Target (TGT) Reports Q4 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-03-05 15:31
Target (TGT) reported $31.47 billion in revenue for the quarter ended January 2024, representing a year-over-year increase of 0.2%. EPS of $2.98 for the same period compares to $1.89 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $31.84 billion, representing a surprise of -1.16%. The company delivered an EPS surprise of +23.65%, with the consensus EPS estimate being $2.41.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...
Target's Sales Down By 1.7% But Profits Jump In 2023
Forbes· 2024-03-05 15:29
Target’s capital expenditure hit $4.8 billion last year. (Photo by Linda Rosier/NY Daily News ... [+] Archive via Getty Images)NY Daily News via Getty ImagesTarget TGT Corporation stock spiked in this morning’s pre-market as the retailer unveiled a big jump in operating income for 2023, up by nearly $2 billion compared to 2022 despite sales falling by 1.6% to $107.4 billion.Net earnings for the 12 months ending February 3 hit $4.14 billion, up from $2.78 billion, helped by a big rise in the company’s operat ...
Target launches paid membership program as it chases new revenue streams
CNBC· 2024-03-05 15:08
Target on Tuesday said it will launch a paid membership program next month, riffing off the playbook of its rivals Amazon and Walmart.The subscription tier, Target Circle 360, will include unlimited free same-day delivery for orders over $35 in as little as one hour with no delivery fees and two free-day shipping, along with other perks.The paid membership tier will launch in early April and cost $49 per year, said Cara Sylvester, Target's chief guest experience officer. She announced the program at an inve ...
Target Stock Surges on Q4 Earnings Beat
Investopedia· 2024-03-05 15:05
Key TakeawaysTarget shares surged over 11% in early trading Tuesday as the retailer posted stronger-than-expected earnings for the fourth quarter of 2023.The retail giant reported net income of $1.38 billion, up 57.8% from the year-ago quarter and well above analyst expectations and Target's own guidance.Lower costs and improved inventory management helped boost Target's profit while sales rose.However, the company warned of a decline in comparable sales in the current quarter.Target also said it plans to r ...