Target Q2 Preview: Anticipating A Potential Sales Growth Inflection

Aug. 19, 2024 8:30 AM ETTarget Corporation (TGT) StockTGT2 Comments
Justin Purohit
2.3K Followers
(10min)

Summary

  • Target is set to report Q2 results with a potential inflection point, aiming for flat to 2% comparable sales growth.
  • I will be monitoring recent price reductions and the effects on sales and earnings, along with management commentary on Target Circle Week and the back-to-school season outlook.
  • Despite bullish sentiment elsewhere, I maintain a neutral view on TGT stock heading into the earnings release.

People shopping at one of the Target stores

Sundry Photography

Target (NYSE:TGT) is scheduled to report its Q2 results on Wednesday in the pre-market hours. I view the upcoming release as a potential inflection point for the company. Heading in, the retailer is guiding for a comparable sales growth

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