Target is reporting strong fourth-quarter revenue, though its sales were a short of expectations during the crucial holiday shopping season
NEW YORK —
Target is reporting strong fourth-quarter profits, though its sales were a short of expectations during the crucial holiday shopping season.
It joins a string of other retailers, including Walmart, with disappointing sales during a shortened holiday season.
Target did deliver its 11th consecutive quarter of comparable-store sales growth.
Target also put out its annual profit projections. The bottom of the range is a little lower than investors were anticipating and shares headed lower before the opening bell Tuesday.