The big-box retailer reversed course and cut its full-year profit guidance, just three months after hiking that forecast.
That's lower than the $9 to $9.70 per share range that it shared in August and below the $9.55 a share expected by analysts, according to StreetAccount.
That metric, which is also known as same-store sales, includes sales on its website and stores open at least 13 months.
The company fell short of Wall Street's earnings per share estimate by 20%, its biggest miss in two years.
Target eked out a comparable sales gain of 0.3%, as shoppers spent more on its website but less at its stores.
Persons:
Brian Cornell, Michael Fiddelke, Rick Gomez
Organizations:
LSEG, Shoppers, Target
Locations:
Selinsgrove . Target