PR Newswire
MINNEAPOLIS, Nov. 20, 2024 /PRNewswire/ --
Third quarter comparable sales increased 0.3 percent, driven by strong traffic and digital performance.Guest traffic grew 2.4 percent over the prior year.Digital comparable sales grew 10.8 percent reflecting nearly 20 percent growth in same-day delivery powered by Target Circle 360™ and double digit growth in Drive Up. Beauty comparable sales grew more than 6 percent. Food & Beverage and Essentials categories grew low-single digits compared to the prior year.Third quarter gross margin rate was down 0.2 percentage points to the prior year. Year-to-date, gross margin rate has expanded by a full percentage point compared to last year.Third quarter GAAP and Adjusted EPS of $1.85 was down 11.9 percent compared with last year.MINNEAPOLIS, Nov. 19, 2024 /PRNewswire/ --
WHAT:
Target Corporation's (NYSE:TGT) webcast of its third quarter earnings conference call.
WHEN:
Wednesday, November 20, 2024 - 7:00 a.m. central time
HOW:
Investors and the media are invited to listen to the call through the company's website at Corporate.Target.com/Investors (click on the link under "Events & Presentations")
WHO:
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at nearly 2,000 stores and at Target.com, with the purpose of helping all families discover the joy of everyday life. Since 1946, Target has given 5% of its profit to communities, which today equals millions of dollars a week. Additional company information can be found by visiting the corporate website and press center.
MINNEAPOLIS, Nov. 12, 2024 /PRNewswire/ -- Target Corporation (NYSE: TGT) announced its store hours for Black Friday week and the rest of the holiday season. On Friday, Nov. 29, doors open early at 6 a.m. local time for those looking to shop the recently announced "Taylor Swift | The Eras Tour Book" plus "The Tortured Poets Department: The Anthology" on CD and vinyl, available exclusively at Target, as well as top deals across the store. With special offers available in store, online and in the Target app, the retailer is delivering value while helping consumers tackle their holiday shopping.
Guest-favorite Deal of the Day returns Nov. 1 with deals of up to 50% off for Target Circle membersA new lineup of weeklong deals will drop every Sunday starting Nov. 3The Early Black Friday Sale, a new three-day holiday deals event, debuts Nov. 7-9The retailer's industry-leading Holiday Price Match Guarantee returns Nov. 7-Dec. 24
MINNEAPOLIS, Oct. 30, 2024 /PRNewswire/ -- Target Corporation (NYSE: TGT) announced today new holiday deals dropping each day and every week of the season to make consumers' holiday shopping even more magical and affordable. The retailer is bringing back its popular Deal of the Day Nov. 1 through Dec. 24, with one-day-only deals up to 50% off and many exclusive deals for members of its free-to-join Target Circle program. Each week, consumers will also enjoy a new lineup of weeklong deals dropping every Sunday. On top of that, Target will debut the Early Black Friday Sale, a new three-day holiday deals event Nov. 7-9 for consumers who love the thrill of early Black Friday deal hunting.
MINNEAPOLIS, Oct. 28, 2024 /PRNewswire/ -- Target Corporation (NYSE: TGT) today announced it is lowering the price of its Thanksgiving meal. At just $201, it is $5 less than last year's offering. The retailer also shared more ways it's making Thanksgiving affordable, easy and delicious for consumers, including a value-packed array of side dishes, pies and desserts under $5, turkey for just 79 cents per pound (20% lower per pound than last year), a free frozen pizza offer for all members of the Target Circle 360 paid program, plus nearly 700 new food, beverage and entertaining items to elevate every celebration all season long.
Retailer to offer lower prices than last year on more than 10,000 total items during the holidays, including food and beverages, everyday essentials, holiday gifts and more
MINNEAPOLIS, Oct. 22, 2024 /PRNewswire/ -- Target Corporation (NYSE: TGT) announced today it will reduce regular prices on more than 2,000 items across owned and national brands this holiday season, including food and beverages, everyday essentials, holiday gifts and items to prep the home for the holidays.1 The move will help consumers save on items for holiday preparations and gifting, like toys, board games, beauty products, bath towels, snacks, beverages, frozen vegetables, cookies, ice cream, toilet paper, cough and cold medicine and more.
MINNEAPOLIS, Oct. 2, 2024 /PRNewswire/ -- Target Corporation (NYSE: TGT) today announced the release of its 2024 Bullseye's Top Toys list. The list includes more than 60 toys, nearly half of which are exclusive to Target. These toys start at $7.99 and include popular brands such as LEGO, Disney, FAO Schwarz and Star Wars, as well as items from Target's Bullseye-branded collection. Target is also offering thousands of toys this holiday season, with over half priced under $20. Additionally, the retailer will introduce weekly toy drops and promotions, with discounts of up to 50% on select items throughout the season.
MINNEAPOLIS, Sept. 26, 2024 /PRNewswire/ -- Target Corporation (NYSE: TGT) today announced that its biggest fall sale, Target Circle Week, returns Oct. 6-12, offering seven days of deals with savings of up to 50% off. Exclusively for members of the retailer's free-to-join Target Circle program, Target Circle Week will feature deep discounts on thousands of items, including fall favorites like Halloween costumes and candy, holiday gifting items like toys and LEGO sets and much more.
MINNEAPOLIS, Sept. 19, 2024 /PRNewswire/ -- Target Corporation (NYSE: TGT) today announced that Jim Lee has been named chief financial officer and a member of its leadership team effective Sept. 22. In his new role, Lee will be responsible for financial planning and analysis, finance capabilities, internal audit, accounting, investor relations, treasury, tax, risk, financial products and services and corporate development. He succeeds Michael Fiddelke, Target's chief operating officer.
MINNEAPOLIS, Sept. 18, 2024 /PRNewswire/ -- The board of directors of Target Corporation (NYSE:TGT) has declared a quarterly dividend of $1.12 per common share. The dividend is payable December 10, 2024 to shareholders of record at the close of business November 20, 2024. The 4th quarter dividend will be the company's 229th consecutive dividend paid since October 1967 when the company became publicly held.
About TargetMinneapolis-based Target Corporation (NYSE: TGT) serves guests at nearly 2,000 stores and at Target.com, with the purpose of helping all families discover the joy of everyday life. Since 1946, Target has given 5% of its profit to communities, which today equals millions of dollars a week. Additional company information can be found by visiting the corporate website and press center.
The Cuddle Collab collection launches Sept. 21 and features over 180 items — from matching accessories to modern home décor, starting at just $3 — inspired by beloved pet influencers
MINNEAPOLIS, Sept. 9, 2024 /PRNewswire/ -- Target Corporation (NYSE: TGT) today announced The Cuddle Collab, its first exclusive collection for pets and pet lovers. Designed through the eyes of real pets, the collection of over 180 pieces is inspired by six social media "fur-fluencers" with items starting at $3 and ranging from matching accessories for dogs, cats and humans, to plush toys, flavorful treats and unique home décor. The Cuddle Collab collection is available to view today on Target.com and will be shoppable beginning Saturday, Sept. 21, on Target.com and in most Target stores while supplies last.
MINNEAPOLIS, Aug. 21, 2024 PRNewswire/ --
Second quarter comparable sales increased 2.0 percent, at the high end of the Company's expectations.Traffic grew 3 percent in the second quarter as compared to the prior year, with all six core merchandising categories delivering traffic growth.Digital comparable sales grew 8.7 percent. Same-day services saw double digit growth, led by low teens growth in Drive Up and Target Circle 360™ same-day delivery.Discretionary sales trends continued to improve meaningfully, with Apparel comparable sales growing more than 3 percent in the quarter.Second quarter operating income margin rate of 6.4 percent grew 160 basis points compared to the prior year, driven by a higher gross margin rate.GAAP and Adjusted EPS of $2.57 grew by more than 40 percent compared with last year.MINNEAPOLIS, Aug. 20, 2024 /PRNewswire/ --
WHAT:
Target Corporation's (NYSE:TGT) webcast of its second quarter earnings conference call.
WHEN:
Wednesday, August 21, 2024 - 7:00 a.m. central time
HOW:
Investors and the media are invited to listen to the call through the company's website at Corporate.Target.com/Investors (click on the link under "Events & Presentations")
WHO:
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at nearly 2,000 stores and at Target.com, with the purpose of helping all families discover the joy of everyday life. Since 1946, Target has given 5% of its profit to communities, which today equals millions of dollars a week. Additional company information can be found by visiting the corporate website and press center.
MINNEAPOLIS, Aug. 13, 2024 /PRNewswire/ -- Target Corporation (NYSE: TGT) today announced that Amy Tu has been named chief legal and compliance officer and corporate secretary effective Aug. 25. In her new role, Tu will lead the company's legal, compliance and corporate governance functions. She succeeds Don Liu, who recently announced his upcoming retirement and will transition to a strategic advisory role. Tu joins Target's leadership team and will report to Brian Cornell, chair and CEO.
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