Target Stock Jumps as Earnings Top Estimates Despite Slowing Sales
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Target stock surges over 17% after beating earnings expectations
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Target CEO notes "cautious" consumer behavior amid economic headwinds like inflation
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Target reports 4.3% drop in net sales but beats estimates, 36% jump in EPS
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Comparable sales down 4.9% with digital down 6%, stores down 4.6%
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Target reduced inventory by 14% year-over-year, especially in discretionary categories