Target exceeded Wall Street’s expectations with its holiday-quarter revenue and earnings, but the company anticipates another year of weak sales. The Minneapolis-based retailer saw a decline in comparable sales for the third consecutive quarter, with a 4.4% drop in the fiscal fourth quarter. Target does not foresee a quick recovery in sales, projecting a further 3% to 5% decline in comparable sales for the current quarter. Despite this, the company emphasized its progress in improving store and website traffic and increasing profits. For more details, you can check the source from www.cnbc.com
2024-03-05 06:38:15