Target earnings miss, sales fall as consumers buy fewer groceries and home goods
- Target's revenue decreased by 3.1% to $24.53 billion, slightly exceeding Wall Street's expectations of $24.52 billion.
- Comparable sales declined by 3.7%, a smaller drop compared to the previous quarter's 4.4%.
- The company noted sales decreases in discretionary categories but reported growth in beauty, with clothing sales showing improvement despite still being down.
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