Company Of The Day: Target
Target (NYSE:TGT) posted a mixed set of Q3 2022 results amid a tough economic environment and increased discounting. While revenue beat estimates, growing 3.4% year-over-year to $26.25 billion, adjusted earnings came in at a lower-than-expected $1.54 per share.
Target stock fell by over 13% in Wednesday’s trading, as the company also lowered its guidance for Q4, projecting a year-over-year decline in comparable sales.
|S&P 500 Return||2%||-17%||77%|
|Trefis Multi-Strategy Portfolio||4%||-19%||221%|
 Month-to-date and year-to-date as of 11/17/2022
 Cumulative total returns since the end of 2016