Target, a big store, had good news and bad news about its sales. They sold more clothes and home stuff than expected during the holidays. But they also warned about lower profits in the coming months.
- Target's sales were slightly better than expected, but still lower than last year.
- They are worried about new taxes on goods from China.
- This could make their profits lower than expected.
| Item | Number |
|---|---|
| Fourth quarter net sales | Down 3.1% |
| Gross profit margin | 26.2% |
| Diluted EPS | Down 19% |
| Target stock change (year to date) | Down 9% |
