targets third-quarter results beat expectations

, despite its weak third-quarter performance,

but the performance of Target, a well-known US supermarket

exceeded analysts' expectations.

the company reported on Wednesday,

for the three months ended October 28,

total revenue is $25.4 billion,

decreased 4.2 percent year-on-year.

, in line with expectations.

Target's revenue is $1.3 billion,

grew 28.9 percent year-on-year.

Christina Hennington

on a conference call with analysts, it was noted that,

beauty business offset

the decline of its non-essential category,

but with inflation easing,

companies want consumers

will have more room to buy non-essential items.

, daily delivery services increased by more than 8%.

store pick-up service led the way in this business area,

growth of more than 12 percent,

and end-of-quarter inventory

is 14% lower than the same period last year.

compared with last year, the target company,

profitability

CEO Brian Cornell

on the financial reporting conference call.

he noted that the goal continues

navigating a challenging business environment,

this has led consumers to worry about their costs

make tough decisions about priorities.

Cornell says,

in general, consumers are still spending,

, but interest rates and credit card debt have risen

Resuming Student Loan Payments and Reducing Savings

factors reduce people's disposable income.

these adverse factors lead to consumer

delayed the charge until the last minute.

Cornell says, for example,

previously purchased sweatshirts in August or September

people in jeans now seem

wait until the weather turns cold before buying.

Cornell said:

it's a clear indication of the pressure they're under,

because they're working hard

extends the budget to the next salary.

consistent with these pressures,

when we look at the latest trends across the retail industry,

sales was driven by higher prices,

but every time a consumer buys

goods has become smaller

Consulting

Neil Saunders

In an email comment, it was noted that,

when consumers cut back,

the target company will be hit harder,

because the company's products

tend to be in categories that can be freely controlled.

Sanders said, "As consumer sentiment worsens,

economic trends are unfavorable to the target firm,

makes trading more difficult."

this may only happen at the edge,

some consumers may buy less

or moderately reduce the frequency of access-

, but it was enough to turn the sale into a loss.

nevertheless,

Target Chief Financial Officer

Michael Fiddelke

on a conference call, someone said,

companies performed better than expected on several fronts,

include managing inventory,

this in turn benefits the gross margin,

Selling and general administrative expenses.

freight rates and inventory contraction was also better than expected.

Fidelk,

Target Fourth Quarter Financial Guidance

reflects a "cautious attitude",

partly because in the last three months of the year

it's usually a promotion-driven season.

next quarter,

Company's estimated same-store sales

will see a significant drop in the mid-single digits or so.

Fidelk also notes that for accounting purposes,

2023 is 53 weeks of the year.

extra week could be

increased sales by about $1.7 billion in the quarter.

about a week before Black Friday and Internet Monday,

Target advertises that it will provide

offers more than 10000 new products for this year's holiday season,

thousands of items will cost less than $25,

, it is unique to the company in each category.

launched in September this year, Target

's first self-operated cookware and kitchen brand Figmint.

The same month, the company announced a partnership with Kendra Scott,

offers a range of jewellery and accessories at affordable prices.

Sanders says GlobalData impact on Target holiday sales

preliminary explanation is favorable.

the novelty of its products is positive,

company hopes to have more creative gift-giving ideas,

value for money,

and improved holiday candy and snack categories.

this may not be helpful in dealing with macroeconomic headwinds,

, but it should help

goals maintain performance, "Sanders said.

article reprinted in "Decogo"