$TGT (-1,43 %) BOOSTS Q4 OUTLOOK, ANNOUNCES LEADERSHIP CHANGES
Target raises Q4 same-store sales growth to +1.5% (prior: flat) after Nov-Dec sales grew 2.8% YoY, driven by strong holiday performance in digital sales (+9%) and categories like apparel and beauty. EPS guidance reaffirmed at $1.85-$2.45 for Q4 and $8.30-$8.90 for FY24.
Leadership changes include Adrienne Costanzo as Chief Stores Officer and Prat Vemana as Chief Information & Product Officer. Sarah Travis steps up as Chief Digital & Revenue Officer to drive eCommerce and revenue initiatives.