Target (TGT) Q1 Earnings Miss Estimates, Comps Decline Y/Y

Target Corporation (TGT) came up with first-quarter fiscal 2024 results, wherein the top line marginally came ahead of the Zacks Consensus Estimate, while the bottom line missed the same. However, both the metrics declined year over year. Soft sales in discretionary categories hurt the company’s performance, with comparable sales continuing with its dismal run. However, strength was seen in the beauty category.Despite challenges, Target is poised to capture market share over time, driven by its compelling v ...