- Target (TGT) trades lower after getting poorer results in Canada than some analysts anticipated and setting the bar lower for Q4 in the U.S.
- The retailer saw comparable store sales grow only 0.9% in the U.S. during the quarter.
- Gross margin rate dropped 30 bps due to rate pressure in key categories.
- TGT -2.9% premarket.
Target slumps after Q3 results and guidance look weak
Nov 21 2013, 08:16 ET