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Target, a major retailer, is facing challenges as it reported a sales decline for the first time in years, with expectations of further decline. Despite this, the company's profitability and operating margins improved. Target's stock surged after beating profit estimates, with the CEO expressing confidence in returning to growth mode in 2024.
Target stock jumps 12%, CEO says retailer will get back to growth mode https://t.co/zAAsR8FXjU by @BrianSozzi
Target stock jumps 11%, CEO says retailer will get back to growth mode https://t.co/S4uopk1NPd by @BrianSozzi
"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