Target Corporation - TGT STOCK NEWS

Hapi Water, a fast-growing flavored water brand, is now available in Target stores across the United States. This expansion represents a significant step for Hapi Water, which aims to provide a healthy alternative to sugary drinks for families. Each pouch contains zero grams of sugar, zero calories, and a good source of Vitamin C. The product is offered in several flavors including Pure Punch, Apple Joy, Grape D'Vine, and Sunny Strawberry Kiwi, sold in convenient 6-ounce pouches. Recently, Hapi Water has also partnered with Harris Teeter, bringing its total presence to over 1,500 retail locations. Todd Fitzgerald, CEO of Hapi Drinks, emphasized the shared mission with Target to make healthy beverages accessible to families.

Target Corporation (NYSE: TGT) has launched The Spring Designer Collection, featuring over 100 vacation-ready pieces from three female-founded brands: Agua Bendita, Fe Noel, and RHODE. The collection emphasizes affordability with most items priced at $35 and under, targeting stylish spring attire suitable for various occasions. Available starting April 15, 2023, customers can shop both online at Target.com and in select stores. The partnership aligns with Target's commitment to inclusivity, offering sizes from XXS to 4X.

Target Corporation (NYSE:TGT) has announced a quarterly dividend of $1.08 per common share, payable on June 10, 2023 to shareholders of record by May 17, 2023. This marks the company's 223rd consecutive dividend payment since going public in October 1967. Target continues its long-standing commitment to returning value to shareholders while serving guests through nearly 2,000 stores and online at Target.com.

InnerScope Hearing Technologies (OTC: INND) has announced the launch of its HearingAssist brand of FDA-Registered Over-the-Counter (OTC) Rechargeable Hearing Aids on Target.com. This expansion aims to reach nearly 30 million Americans in need of hearing solutions. The HearingAssist devices are priced between $499 and $599, featuring Bluetooth technology and advanced sound enhancement capabilities. With over 500,000 hearing aids sold, InnerScope is positioned as a leader in the affordable OTC hearing aid market, benefitting from the recent OTC Hearing Aid Law. The launch on Target strengthens its market distribution through major retailers.

Target Corporation (NYSE: TGT) announced its 2023 plans, focusing on enhancing guest experiences and driving growth. The retailer aims to invest between $4 billion and $5 billion to improve guest-centric services and expand its store and supply chain network. Key initiatives include launching over 10 owned brands, rolling out 'Drive Up Returns' for easy in-car returns, and opening approximately 20 new stores, alongside updates to 175 existing locations. Target also plans to expand its sortation center network to enhance delivery efficiency and achieve $2 billion to $3 billion in cost savings through enterprise efficiency efforts.

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.