Target (TGT) Q4 Earnings Top Estimates, Comps Decline 4.4% Y/Y

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, ...