logo
welcome
ABC News

ABC News

Target struggles in the third quarter despite price cuts and offers a tempered holiday outlook

ABC News
Summary
Nutrition label

84% Informative

Target posted net income of $854 million , or $ 1.85 per share, in the third quarter ended Nov. 2 .

The Minneapolis retailer fell short of Wall Street expectations for the quarter .

Its outlook for the final three months of the year also disappointed industry analysts.

The most recent quarter at Target stands in stark contrast to rival Walmart , which reported stellar sales Tuesday .