Target Misses Q3 Earnings & Sales Estimates, Issues Cautious Q4 View
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Target missed its Q3 earnings and sales estimates, with a 2.4% increase in guest traffic but a 2% decline in average transaction amount. The company issued a cautious outlook for Q4.
November 20, 2024 | 4:45 pm
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Target missed Q3 earnings and sales estimates, with increased guest traffic but lower transaction values. The company has issued a cautious outlook for Q4.
Target's failure to meet earnings and sales estimates, combined with a decline in transaction value despite increased traffic, suggests potential challenges in maintaining profitability. The cautious Q4 outlook further indicates potential difficulties ahead, likely impacting the stock negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100