Target Corp

Target Corporation reported first quarter 2024 earnings that were in line with expectations, with comp sales just above the midpoint of guidance and EPS near the upper end of expectations.

The company remains focused on its long-term vision for profitable growth and outlined various investments it is making to support this goal, including store expansion, supply chain modernization, technology enhancements, loyalty program relaunch, and brand partnerships.

Despite facing challenges such as elevated prices and soft trends in discretionary categories, Target expects to see a better balance of spending between discretionary and frequency categories in the future.