Seeking Alpha

Target slumps after Q3 results and guidance look weak

  • 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.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs