Target says its holiday sales were better than expected — but its profits weren't
Discounts and sales events have remained a significant sales driver, as consumers emerge from a more than two-year stretch of high inflation. It’s unclear how much those deals will cut into Target’s and other retailers’ profit margins, and whether sales will keep improving if promotions fade away.
Holiday Sales Topped Expectations. That Could Mean a Strong Start to 2025
Key Takeaways Retail spending hit $994.1 billion in November and December, coming in 4% higher than last holiday season, according to the National Retail Federation.The trade group was expecting holiday sales to grow between 2.
Nation's largest trade group: holiday sales rose a better-than-expected 4%
Sales for the 2024 holiday shopping season turned out to be robust and better than expected, as easing inflation on merchandise drove shoppers to buy, according to the nation's largest retail trade group.
Target announces holiday sales exceeded expectations — but not profit as discounts reign king
The retailer now expects same-store sales growth of 1.5% for stores open at least 13 months in the fourth quarter – above previous expectations that it would stay flat.
Target announces better-than-expected holiday sales, but investors wary of no profit update
In the third quarter, rival Walmart ( WMT) posted adjusted earnings per share of $0.58, alongside same-store sales growth of 5.3%. Walmart has not yet unveiled its holiday results but did raise its guidance for fiscal year 2025 for the third time last quarter.
December Retail Sales Missed Expectations. Holiday Sales Were Still Solid.
Retail sales gained 0.4% in December from November, slightly below projections for a 0.5% increase, according to FactSet.
Target’s Holiday Sales Were Strong. The Stock Is Still Falling.
While Target reported strong holiday sales on Thursday, it wasn’t enough to give the stock a boost.The retail chain said ...
Target bumps up holiday sales forecast but margin worries rub off shine
Target raised its holiday-quarter comparable sales forecast on Thursday, buoyed by robust shopper demand for clothing, toys ...
Target’s holiday sales show a rebound from third-quarter doldrums
Target raised guidance for a key metric in an update on its holiday sales after achieving records for both Black Friday and ...
US retail sales rose modestly last month amid solid holiday shopping, boosting economy
Americans stepped up their spending at retail stores and restaurants last month in a clear sign that consumers are still able ...
Target Revises Holiday Sales Outlook on Strong Apparel, Toy Demand
Analysts surveyed by LSEG had expected fourth-quarter comparable sales to rise 0.2%. However, the retailer maintained its ...
Target raising Q4 sales forecast on record holiday sales
Target (TGT) is raising its fourth quarter sales forecast as the retailer reports record-high sales figures from its Black ...