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.

March 09, 2024
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