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Target announced this morning that Q3 net sales were down 4.3 percent to $25 billion, with same-store sales down 4.6 percent and digital sales down six percent.

There was some good news, though -  Q3 net income was up 36 percent to  $971 million, from $712 million during the same period a year ago.

The company cautioned that it expects its Q4 performance to be underwhelming.

KC's View:

Increased profit numbers may give Target management some room to maneuver, but they've got a lot of work to do.  According to MNB readers who chimed in on this subject, that means revitalizing their stores and improving their website.  (Which certainly explains the dropping same-store and digital sales numbers.)