BofA Securities Reiterates Buy Rating on Target (TGT)

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Target Corporation Reports First Quarter Earnings

May 22, 2024 6:30 AM EDT

MINNEAPOLIS, May 22, 2024 /PRNewswire/ -- 

First quarter operating income margin rate of 5.3 percent reflects a 140 basis point improvement in gross margin rate as compared to the prior year.First quarter comparable sales declined 3.7 percent, in line with expectations.Digital comparable sales grew 1.4 percent. Same-day services grew nearly 9 percent, led by more than 13 percent growth in Drive Up.Sales declines, primarily in discretionary... More

Target Corporation to Webcast 1st Quarter Earnings Conference Call on Wednesday, May 22, 2024

May 21, 2024 8:00 AM EDT

MINNEAPOLIS, May 21, 2024 /PRNewswire/... More