Target's holiday sales warning rattles the retail sector

Nov. 16, 2022 6:53 AM ETTarget Corporation (TGT), XRTWMT, M, DG, DLTRBy: Clark Schultz, SA News Editor53 Comments

Target"s Stock Drops On Poor Earnings

Joe Raedle

Target Corporation (NYSE:TGT) fell sharply in early trading after the retailer missed profit estimates with its Q3 earnings report and lowered its Q4 guidance.

The retailer reported comparable sales increased 2.7% during the quarter vs. +2.5% consensus, driven by 1.4% traffic growth

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