Taghit'S Own Brand Boosts Sales Exceeding Expectations

Target, TGT, a US discount retailer, announced that its third quarter sales growth exceeded expectations.

The retailer's practice of adjusting products has eased the market's worries about spending during the holiday shopping season.

By the end of Tuesday, shares of the company have fallen by 3% this year.

The stock fell nearly 6% on Wednesday morning.

Prior to Taghit, Wal-Mart Store Inc (WMT)'s third quarter earnings report showed sales growth in the US, but recent measures to attract shoppers damaged earnings and led to a decline in profits.

The Wal-Mart Store Inc recently stopped issuing long-term performance guidelines, but made optimistic expectations about the outlook for the fiscal season, refuting the idea of reducing shopping in the US.

Taghit CEO Connell said that in the third quarter, the volume of passenger traffic in Taghit has increased for fourth consecutive quarters, and sales of its own brand products have contributed to sustained growth in sales revenue.

As the holiday shopping season approached, the Taghit company released an optimistic fourth quarter earnings outlook. It expects earnings per share in the fourth quarter to be $1.48 to $1.58, while analysts expect an average of $1.54.

In the third quarter,

The company made a profit of 549 million dollars, or 87 cents per share.

Profits last year were $352 million, or 55 cents per share.

Excluding specific items such as investment failure in Canada, Taghit's earnings per share rose to 86 cents from 79 cents a year ago.

Revenue grew 2.1%, to $17 billion 610 million.

Last week, including

(M) retail chain enterprises such as Nordstrom (JWN) have announced weak quarterly sales data, leading to a general decline in the retail sector.

Meanwhile, the US government also released disappointing retail sales figures for October.

But there are also some bright spots, such as HD announcing sales revenue growth.

Like WAL-MART, Taghit is pforming and making the store more beautiful to attract more.

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Under the leadership of CEO Blaine Connell (Brian Cornell), Taghit has shifted its focus to focus on fashion, infant and children's products, and health products.

In the last quarter, the sales revenue of the same store in Taghit increased by 1.9% over the same period last year, reaching the upper limit of the company's expected scope, but it has slowed down recently.

According to Thomson Reuters, the market expects earnings per share to be 86 cents in the third quarter and $17 billion 570 million in sales.

This year, Taghit has raised the lower limit of annual earnings per share several times.

The company now expects earnings per share to be adjusted from $4.65 to $4.75 this year, after a range of $4.60 to $4.75.

At 10:31 a.m. Eastern time on Wednesday, Taghit's stock price fell 4.34 dollars or 5.95%, at 68.57 dollars.