Kirkland's stock up 4.5% premarket as promise of better times in 2023 offsets quarterly loss and sales miss [MarketWatch]
Target Corporation (TGT)
Last target corporation earnings: 3/3 06:30 am
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Source: MarketWatch
furnishings . Nashville, Tenn.-based Kirkland's swung to a loss of $7.3 million, or 58 cents a share, after income of $7.2 million, or 51 cents a share, in the year-earlier period. The company's adjusted per-share loss came to 38 cents, wider than the 32 cent FactSet consensus. Sales fell to $131.0 million from $143.6 million a year ago, below the FactSet consensus of $134.0 million. Same-store sales fell 7%, while FactSet expected a decline of 3%. Chief Executive Steve Woodward said the performance was in line with the company's own expectations. "We experienced an encouraging rebound in sales through August and our Labor Day promotional event, but we believe persistent macro-economic pressures hampered our customers during the Harvest selling season, resulting in softer sales for the back half of the quarter," he said, a trend that has been reported by other retailers, including Target Corp. TGT, and Macy's Inc. M, However, sales have improved in the fourth quarter as holiday mercha
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News
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TGT
Earnings
- 3/5/24 - Beat
TGT
Sec Filings
- 4/11/24 - Form 4
- 4/11/24 - Form 4
- 4/11/24 - Form 4
- TGT's page on the SEC website