Target Backs Fourth-Quarter Profit View Despite Holiday Sales Miss
January 15 2020 - 7:06AM
Dow Jones News
By Colin Kellaher
Target Corp. (TGT) on Wednesday affirmed its fourth-quarter
earnings guidance despite posting disappointing holiday sales
results.
The Minneapolis retailer said it still expects to report an
adjusted profit of $1.54 to $1.74 a share for the quarter.
Analysts polled by FactSet, on average, are expecting adjusted
earnings of $1.70 a share for the quarter.
Target said its holiday comparable sales rose 1.4%, missing the
retailers expectations, amid weak sales of toys and
electronics.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
January 15, 2020 06:51 ET (11:51 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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