Earnings

Target (TGT) earnings Q1 2023

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Target on Wednesday topped Wall Street’s earnings expectations, even as the discounter’s sales barely grew year over year and its shoppers bought more necessities.

The company’s shares were choppy in premarket trading as investors processed the report and the company’s second-quarter guidance. Target said it expects sales to remain sluggish in the current quarter, marked by a low-single-digit decrease in comparable sales.

The big-box retailer stuck with its full-year outlook. It expects comparable sales will range from a low-single-digit decline to a low-single-digit increase for the fiscal year. Target said its full-year earnings per share will range between $7.75 and $8.75. 

Even as…



Source cnbc.com

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