Target Announces 4th Qtr. and Year End Earning For 2024

MINNEAPOLIS (WJON News) -- A Minnesota-based retail giant has announced its earnings for 2024. Target Corporation has announced its fourth quarter and full-year 2024 sales figures.

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Both results include one fewer week than in 2023. The company says, based on the impact of the extra week, its net sales for the year increased about 1% and the fourth quarter had a comparable sales growth of 1.5%, reflecting digital performance and strong in-store traffic.

PHOTO courtesy of Target

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Traffic grew 1.4% for the year with increases in both stores and digital channels. Target says they expect net sales growth of about 1%, a modest increase in operating margin rate, and an adjusted earnings per share of $8.80 to $9.80 in 2025.

PHOTO courtesy of Target

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