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Target predicts sales recovery in 2024; Q4 adjusted earnings surpass expectations at $2.98 per share, shares rise 12%.
Target predicts sales recovery in 2024, with shares rising 12% after reporting smaller-than-expected sales decline and higher holiday quarter earnings.
The company aims to boost spending at stores through same-day services, product launches, and a new membership program, "Target Circle 360", set to offer unlimited same-day delivery.
In the fourth quarter, Target reported adjusted earnings of $2.98 per share, surpassing analysts' expected $2.42.
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Target predice una recuperación de las ventas en 2024; Las ganancias ajustadas del cuarto trimestre superan las expectativas a 2,98 dólares por acción, las acciones suben un 12%.