Target reported shopper caution in discretionary spending pressured the retailer’s third-quarter sales and earnings, which fell short of expectations. Net earnings were $854 million, or $1.85 per diluted share, versus $971 million, or $2.10 per diluted share, in...
Target Corp. announced it named PepsiCo. veteran Jim Lee CFO and a member of its leadership team. Lee will supervise financial planning and analysis, finance capabilities, internal audit, accounting, investor relations, treasury, tax, risk, financial products and...
Target turned in strong second-quarter results as store traffic gains helped propel comparable sales growth. Net earnings were $1.19 billion, or $2.57 per diluted share, versus $835 million, or $1.80 per diluted share, in the year-before quarter, the company...
Target first-quarter earnings declined year over year, disappointing Wall Street. However, the company’s chair and CEO, Brian Cornell, said that recent moves, including price cuts the company has been rolling out, position it for a return to growth. Net earnings were...
Target announced at its financial community meeting this week updates to its loyalty program and own-brand assortment. The own-brand move follows the launch of the Dealworthy everyday essentials label. Meanwhile, as initially discussed at the financial community...
