Welcome to our dedicated page for Target news (Ticker: TGT), a resource for investors and traders seeking the latest updates and insights on Target stock.
Target Corporation reports news as a U.S. discount retailer serving guests through about 2,000 stores and digital channels. Company updates commonly cover merchandising, seasonal price actions, Target Circle loyalty offers, same-day services, store openings and remodels, and assortment launches across apparel, home, beauty, food and beverage, hardlines, and household essentials.
Target news also includes brand collaborations, private-label and national-brand product availability, community programs such as Bullseye Builds, educator and loyalty discounts, capital investment plans, and regular quarterly dividend declarations. The company's retail model is anchored in its store base, with stores supporting both in-store shopping and fulfillment for online orders.
Target Corporation (NYSE: TGT) announced its Q4 2022 results with comparable sales growth of 0.7%, supported by increased guest traffic. Total revenue for the year reached $109 billion, up $3 billion from 2021. However, Q4 GAAP EPS was $1.89, significantly down from $3.21 in the prior year. The company anticipates comparable sales for Q1 2023 to range from a low-single digit decline to an increase, forecasting GAAP EPS between $1.50 and $1.90. The operating income margin in Q4 dropped to 3.7% from 6.8% the previous year, attributed to rising costs and markdown pressures.
Target Corporation (NYSE: TGT) will release its fourth quarter and full-year 2022 financial results on February 28, 2023. The company will hold a webcast for the financial community at 9:00 a.m. Eastern time that day, where the leadership team will discuss strategic and financial plans and provide insights into business opportunities for 2023 and beyond. Investors can access the presentations and Q&A online at Target Investors, with the recording available for at least 90 days post-meeting. Target, based in Minneapolis, aims to enhance the joy of everyday life for families.
Target Corporation (NYSE:TGT) declared a quarterly dividend of $1.08 per common share, payable on March 10, 2023, to shareholders of record by February 15, 2023. This marks the company's 222nd consecutive dividend since going public in October 1967. Target has a long history of supporting communities, contributing 5% of its profit. The announcement underscores Target's commitment to delivering shareholder value and maintaining financial stability.
Target Corporation (NYSE: TGT) has launched "The Target Clearance Run" event, offering discounts of up to 50% on thousands of items, including clothing, toys, and home décor, starting December 26, 2022. This promotion aims to meet post-holiday shopping needs, allowing customers to utilize gift cards and restock essentials. The event features various deals such as buy one get one offers and special discounts on household items. Target continues to emphasize its competitive pricing strategy and commitment to customer satisfaction through loyalty programs and convenient shopping options.
Target Corporation (NYSE: TGT) is enhancing its appeal for last-minute holiday shoppers with expanded same-day services, including Order Pickup, Drive Up, and Same-Day Delivery through Shipt. Shoppers can place orders until 6 p.m. on Christmas Eve for pickup and until 4 p.m. for delivery. Target is also rolling out significant discounts on various items, from clothing to electronics, with special sales leading up to Christmas. These initiatives aim to provide quick, convenient shopping options for customers during the busy holiday season.
Target Corporation (NYSE: TGT) announces a two-day Cyber Monday sales event on Nov. 27-28, featuring significant discounts on hundreds of thousands of items exclusively online and through the Target app. Key offerings include up to 50% off on toys, electronics, and apparel. Customers can enjoy the convenience of same-day fulfillment options like Drive Up and Order Pickup. Additionally, Target will introduce new Weeklong Deals throughout December, ensuring ongoing savings for holiday shoppers. The retailer emphasizes its Holiday Price Match Guarantee and benefits for RedCard holders.
Target Corporation (NYSE: TGT) announced its largest Black Friday week sale ever from Nov. 20-26, featuring discounts of up to 50% on a wide range of products including electronics, toys, and kitchen appliances. New deals will launch on Thanksgiving Day and a two-day Cyber event follows on Nov. 27-28. Customers can utilize fulfillment options like Drive Up and Order Pickup for same-day purchases. Free shipping is available on orders over $35 or with Target RedCard.
Target Corporation (TGT) reported third quarter 2022 results with comparable sales growth of 2.7%, following a 12.7% increase last year. Total revenue rose to $26.5 billion, up 3.4%, but GAAP EPS fell 49.3% to $1.54. The company announced an enterprise initiative to enhance efficiency, aiming for savings of $2-3 billion over three years. Despite achieving unit share gains across core categories, profit trends weakened late in the quarter due to inflation and economic uncertainty, prompting a cautious fourth quarter outlook with expected low-single digit sales decline.
Target Corporation (NYSE:TGT) will host a webcast for its third quarter earnings conference call on November 16, 2022, at 7:00 a.m. Central Time. Investors and media can listen via the company’s website. The call will discuss key financial metrics and performance insights, which are critical for shareholders. With nearly 2,000 stores and a significant online presence at Target.com, Target has been a strong player in retail. The call aims to provide updates on the company's financial standing and future outlook.
National Storage Affiliates Trust (NSA) has announced a management transition. Effective April 1, 2023, Tamara Fischer will move from CEO to Executive Chair, while David Cramer, currently President, will take on the role of CEO. Cramer, who joined NSA in 2020, has extensive experience in the self-storage sector and was instrumental in growing NSA’s portfolio from 250 to over 1,100 properties. Derek Bergeon will be appointed Executive Vice President and COO on the same date. This transition aims to ensure continuity in leadership and leverage Cramer’s proven management capabilities for future growth.