Welcome to our dedicated page for Target Corporation news (Ticker: TGT), a resource for investors and traders seeking the latest updates and insights on Target Corporation stock.
Target Corporation (NYSE: TGT), headquartered in Minneapolis, operates nearly 2,000 stores across the United States and serves millions of customers both in-store and online at Target.com. As the sixth-largest retailer in the United States, Target is known for offering a wide selection of apparel, home goods, electronics, and household essentials at competitive prices, aiming to provide a premium shopping experience.
Founded in 1946, Target has maintained a strong commitment to community support by donating 5% of its profits, amounting to millions of dollars each week. With a clear focus on delivering value and quality, Target has built a portfolio of owned brands that generate over $30 billion in annual sales, catering to various customer needs.
Recent initiatives include the introduction of dealworthy, a new low-price brand offering nearly 400 items, and the relaunch of the Target Circle loyalty program, designed to provide enhanced savings and personalized shopping experiences. In addition, Target has announced a collaboration with Diane von Furstenberg, featuring exclusive designs in fashion and home decor.
Financially, Target has shown resilience and strategic growth. For the fourth quarter of 2023, the company reported GAAP and adjusted earnings per share (EPS) of $2.98, significantly higher than the previous year's $1.89 per share. Full-year EPS also saw an increase, with GAAP EPS at $8.94 compared to $5.98 in 2022. Despite a 4.4% decline in comparable sales in the fourth quarter, Target's total revenue grew to $31.9 billion, a 1.7% increase from the previous year.
Target continues to invest in its future, focusing on enhancing store experiences, expanding its digital presence, and building a more efficient supply chain. With strategic investments, including the recent reintroduction of the Target Circle membership program, Target aims to foster deeper connections with its customers and sustain long-term growth.
Stay updated with the latest news and developments from Target Corporation by visiting their corporate website and press center.
Target Corporation (NYSE: TGT) announced plans to raise its starting wage range to between $15 and $24 per hour and expand health care benefits for team members. The move, part of the company's strategy to enhance equity and opportunity, will result in an additional investment of up to $300 million this year. Approximately 20% of hourly team members will become newly eligible for comprehensive health coverage, with access to health plans available sooner and enhanced wellness benefits introduced. These steps aim to support team members' growth and well-being.
Target Corporation (NYSE: TGT) announced enhancements to its same-day pickup services, set for fall 2022. The improvements include options for customers to add a Starbucks order and make returns using the Target app. Target aims to leverage its nearly 2,000 stores as fulfillment hubs, with more than half of its digital sales coming from same-day services like Order Pickup and Drive Up. Additional features include expanded 'backup item' functionality for a wider range of categories, enhancing customer convenience and satisfaction.
Target Corporation (NYSE:TGT) has announced a quarterly dividend of 90 cents per share, payable on March 10, 2022, to shareholders recorded by the close of business on February 16, 2022. This marks the company's 218th consecutive dividend since it became publicly held in October 1967. Target continues its commitment to returning value to shareholders amid its long-standing practice of supporting communities with 5% of profits.
Target Corporation (NYSE: TGT) aims to assist last-minute holiday shoppers with enhanced services through Dec. 24. Customers can utilize free same-day Drive Up and Order Pickup options until 6 p.m. on Christmas Eve. Target is offering discounts of up to 50% on select toys and video games, along with deals on electronics and home goods from Dec. 19-25. With over 1,900 stores nationwide, the retailer assures stock availability, backed by significant supply chain investments. Holiday shopping at Target is designed to be convenient and stress-free for all guests.
Target Corporation (NYSE: TGT) announced a two-day Cyber event running from November 28 to 29, 2021, featuring extensive discounts on popular items like furniture, electronics, and beauty products. Customers can enjoy same-day delivery and pickup options without a membership requirement. Notable deals include up to 60% off on video games and 50% off on headphones. Target is also extending its Holiday Best deals through December, promising competitive pricing and a price match guarantee until December 24.
Target Corporation (TGT) reported strong third quarter results with comparable sales growth of 12.7%, following last year's impressive 20.7%. Store sales increased by 9.7%, while digital sales surged by 29%. The company achieved a GAAP EPS of $3.04, a 51.6% increase year-over-year, and adjusted EPS rose 8.7% to $3.03. Target anticipates high-single to low-double digit growth in comparable sales for Q4 2021. Operating income for Q3 was $2.0 billion, reflecting a 3.9% rise. However, gross margin declined to 28.0% due to higher costs.
Target Corporation (NYSE:TGT) will conduct a webcast for its third quarter earnings conference call on November 17, 2021, at 7:00 a.m. Central Time. Investors and media can join the call through Target's investor website. The company operates over 1,900 stores and aims to enhance everyday life for families. Additionally, Target has a commitment to communities, donating 5% of profits, which translates to millions of dollars weekly. More information is available on the corporate website and press center.
Target Corporation (NYSE: TGT) previewed its Black Friday deals, running from Nov. 21-27. Customers can expect extensive sales on a variety of products, including electronics, toys, and home goods. Notable offers include up to $60 off Apple Watch and AirPods, and discounted prices on popular items like the Element 65 4K UHD TV and Dyson V8 vacuum. Target enhances shopping convenience with same-day services. All stores will be closed on Thanksgiving Day and reopen on Black Friday at 7 a.m..
Target Corporation (NYSE: TGT) announces early Black Friday savings with week-long Holiday Best deals starting Oct. 31. This initiative is designed to help shoppers save early during the holiday season. The deals will feature significant discounts on top gifts across various categories including electronics and toys, with prices dropping on select items. Target promises its Holiday Price Match Guarantee through Dec. 24, allowing guests to match prices on items purchased during this promotional period.
Target Corporation (NYSE: TGT) has announced new enhancements to its same-day services for the holiday season, including additional Drive Up spots and a 'Shopping Partner' feature allowing others to pick up orders. Over 18,000 new curbside pickup spaces have been added, and guests can now order more items seamlessly. Enhanced Same-Day Delivery options through Shipt include a larger assortment of products, including adult beverages. The focus on guest service continues, with increased team training and fulfillment roles to improve customer experience during the busy shopping period.
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