Target's Earnings Report Reveals Weak Sales But Improved Profits Amidst Consumer Caution, Positive Spending Trends, and Eased Food Inflation, Outperforms Expectations

Squawk on the Street@SquawkStreet

2 years ago

"This is really a story of the consumer. Never quit with them." $TGT's quarter hit the bullseye, beating top and bottom line expectations. @jimcramer, @davidfaber and @carlquintanilla contextualize the retail giant with other industry leaders like $COST and $WMT. https://t.co/Q16JSOD15R

Like most peers from Walmart to Costco to Amazon, Target saw an uptick in discretionary goods in the fourth quarter. As food inflation eases, rising real incomes driving spend elsewhere in sign of general consumer health. $AMZN $COST $TGT $WMT $XLY $XLF $XLP

Target warns on weak sales but inventory management helps lift profits while consumers grow more cautious. ⁦@melissa_repko⁩ $TGT https://t.co/ZyIw1GlRSM