Target stock down 14% after Q3 EPS miss by $0.64, revenue of $26.52B beats by $120M

Nov. 16, 2022 6:32 AM ETTarget Corporation (TGT)By: Niloofer Shaikh, SA News Editor49 Comments
  • Target press release (NYSE:TGT): Q3 Non-GAAP EPS of $1.54 misses by $0.64.
  • Revenue of $26.52B (+3.4% Y/Y) beats by $120M.
  • Shares down 14% PM.
  • Comparable sales increased 2.7%, on top of 12.7% growth last year, driven by 1.4 % traffic growth and a 1.3%increase in average ticket.

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