Target raising Q4 sales forecast on record holiday sales

Thu, Jan 16, 2025, 8:03 AM

Target (TGT) is raising its fourth quarter sales forecast as the retailer reports record-high sales figures from its Black Friday and Cyber Monday promotions. The stock is under pressure on Thursday morning, with Wall Street attributing it to the chain's EPS (earnings per share) guidance below current expectations.

Seana Smith and Brad Smith report more on this headline and what it means for the broader retail sector.

Catch Yahoo Finance's latest reporting on December's key retail sales data.

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This post was written by Luke Carberry Mogan.